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WGU C211 Global Econ Study Guide Questions 2025 with Answers Views of globalization (Chp 1.4) - --Answer --1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - --Answer --Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking - --Answer --Location specific advantage = Abundance of strong market demand and customers willing to pay Strategic goal = Efficiency-seeking - --Answer --Location specific advantage = Economies of scale and abundance of low-cost factors Strategic goal = Innovation-seeking - --Answer --Location specific advantage = Abundance of innovative individuals, firms, and universities ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1