WGU C211 OA Global Economics Exam /C211 Global Economics FINAL EXAM 2023 GRADED A+

WGU C211 OA Global Economics Exam /C211 Global Economics FINAL EXAM 2023 GRADED A+ (CERTIFIED) All Questions Answered Correctly (Verified Answers)

1. How does oligopoly represent a prisoner's dilemma?

a)    every game presents zero-sum alternatives

b)    beneficial for both to avoid cooperation

c)    it depends the difficulty in maintaining cooperation's agreement

d)   strategic decisions faced by decision mirror those firms face in competitive agreement

2. What is used to measure the opportunity cost on one good when it is being compared to another good?

a)            slope of demand curve

b)            the competition effect

c)            the scope of the budget constraint

d)           marginal rate of distribution

3. What will an increase in income cause to a consumer’s budget constraints?

a)            a shift outward, parallel to its initial position

b)            a shift inward, parallel to its initial position

c)            pivot along the vertical axis

d)           pivot along the horizontal axis

4. Which political view of foreign direct investment (FDI) is most widely used by governments in the current international business environment?

a)    Radicalism

b)    Protectionism

c)    Communism

d)   Nationalism

5. Which factors predict the degree of rivalry between a pair of competitors? 2 choices

a)    Market commonality

b)    Cost structure

c)    Resource similarity

d)   Organizational structure