Final Sınavı - Introduction to Economics 2

Soru 1:

What do we call to a tax or duty levied on the traded commodity as it crosses a national boundary?

A) Quota B) Tariff C) Non-tariff restriction D) Subsidy E) Indirect tax

Soru 2:

Which of the following is not one of the reasons for demand-pull inflation?

A) Increasing money supply B) Increasing autonomous government expenditures C) Increasing costs D) Increasing autonomous consumption expenditures E) Decreasing taxes

Soru 3:

……………… is the direct exchange of goods or services for another without using any medium of exchange What best fits the blank above?

A) Measurement unit B) Store of value C) Monetary policy D) Barter E) Fiat money

Soru 4:

Which of the following is not among the factors of increase in aggregate supply?

A) Decrease in input prices B) Low wage level C) Technological progress D) Bad weather conditions E) More workforce

Soru 5:

Which of the following is not included in balance of payments?

A) Current account B) Capital and financial account C) Official reserves account D) Statistical discrepancy account E) International transaction account

Soru 6:

What does internal equilibrium refer to?

A) It refers to the full employment of economy with price stability. B) It refers to the balance of payments equilibrium. C) It refers to the situation of concurrent equilibrium of the internal and external balance of an economy. D) It refers to the situation of either internal or external equilibrium in an economy. E) None of the above

Soru 7:

At the autarky, which of the following are the same? I. PPF II. CPF III. BOP IV. FDI

A) I and II B) I and III C) I and IV D) II and III E) II and IV

Soru 8:

Which of the following countries is ranked very high in terms of HDI?

A) Turkey B) Iceland C) India D) Ukraine E) China

Soru 9:

I. A change in real income and/or prices does not mean a change in nominal income II. There is a possibility of barter in a modern economy, so economic units sometimes may not need money to perform their daily operations. III. The reason you hold money in your wallet to buy something is that acquisition periods of income are generally not matching with spending periods. Which of the statement(s) given above is /are true?

A) I and II B) Only III C) II and III D) I and III E) Only II

Soru 10:

What is another name for supply shock?

A) output shock B) positive shock C) productivity shock D) beneficial shock E) functional shock

Soru 11:

Which of the following functions of money ensures to keep purchasing power on hand?

A) Unit of account B) Barter economy C) Store of value D) Medium of exchange E) Social transfer

Soru 12:

What is the region of aggregate supply curve called at the full employment level with highest level of production?

A) Keynasian region B) Intermediate region C) Classical region D) Neo-classical region E) None of the above

Soru 13:

Which one of the following is not one of the shortcomings of the Solow Growth Model?

A) The long-run per capita growth rate is determined entirely by the rate of technological progress but the technological growth is outside the model B) Income per capita differentials across the countries are much greater than predicted by this model. C) The model assumes that the marginal product of capital should be much higher in poor countries than in rich countries. D) The capital accumulation alone cannot account for either growth of per capita income over the long-run or the enormous disparities in living standards among the nations. E) It adds the accumulation of human capital to the initial variables.

Soru 14:

……………………………is the price level at which the aggregate demand is equal to aggregate supply. Which one of the following completes the sentence above?

A) Aggregate demand B) Aggregate demand curve C) Equilibrium price level D) Aggregate supply E) Aggregate supply curve

Soru 15:

Which of the following options would lead to an environment having no common instrument for exchanging?

A) Money economy B) Free economy C) Barter economy D) Health econmy E) Manufacturing economy

Soru 16:

Health standards, sanitary and phyto-sanitary standards, environmental standards, labor standards, product standards, production subsidies, internal charges, etc Above standards belong to which restrictive trade instruments?

A) Non-tariff restrictions imposed on imports B) Non-tariff restrictions imposed on exports C) Non-tariff restrictions imposed in the national economy D) Non-tariff restrictions imposed in the international trade E) Non-tariff restrictions imposed in the international finance