_wgu_c211 (3)

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Western Governors University *

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Course

C211

Subject

Economics

Date

Nov 24, 2024

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pdf

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1

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WGU C211 - Global Economics for Managers Exam Questions and Answers Rated A+ Latest 2023 Classical theories of international trade - correct answer ✅ Mercantilism, Absolute advantage, and Comparative advantage Modern theory view - correct answer ✅ Dynamic Classical theory view - correct answer ✅ Static Absolute advantage - correct answer ✅ The economic advantage one nation enjoys that is superior to other nations Comparative advantage - correct answer ✅ The advantage one economic activity nation enjoys in comparison with other nations (relative, not absolute) Mercantilism - correct answer ✅ A theory that suggests that the wealth of the world is fixed and that a nation that exports more and imports less will be richer.
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