Seçmeli Ara Sınav - Introduction to Economics 2

Soru 1:

What refers to the monetary value of all assets that households have?

A) Expectations B) Disposable income C) Wealth D) Demographic factors E) Marginal propensity to save

Soru 2:

Linear and positive relationship between income and consumption expenditures is called ______.

A) saving function B) aggregate expenditures C) consumption function D) fluctuation E) autonomous consumption

Soru 3:

If the full employment and actual level of income are shown by Y F and Y 1 , respectively in the chart, which of the following describes the situation of the economy?

A) Inflationary B) Disinflationary C) Deflationary D) Stagflationary E) Hiperinflationary

Soru 4:

Agricultural workers are unemployed for certain periods of time in a year. This type of employment is called __________ unemployment.

A) Structural B) Hidden C) Frictional D) Sectoral E) Cyclical

Soru 5:

Which of the following is an example of actual expenditures in the economy?

A) investment B) stock variables C) gross domestic product D) manufacturing E) supply

Soru 6:

What is the basic idea in mercantilism?

A) autonomous taxes B) the wealth of society C) corporation taxes D) aggregate expenditures E) interest rates

Soru 7:

What refers to the ratio of the saving change to the income change?

A) Autonomous saving B) Average propensity to save C) Average propensity to consume D) Marginal propensity to consume E) Marginal propensity to save

Soru 8:

Which economic theory supports the idea that governments should intervene the economy?

A) Mercantilism B) Keynesian theory C) Monetarism D) Capitalism E) Classical theory

Soru 9:

Which of the following can we calculate by using the formula above?

A) Gross Domestic Products B) Income change C) Tax multiplier D) Change in public expenditures E) Net effect of public expenditure on income

Soru 10:

What is the value of the average propensity to save if the value of average propensity to consume is 0.25?

A) 0.25 B) 0.50 C) 0.75 D) 1.00 E) 1.25

Soru 11:

Which of the following shows that Turkey has foreign trade deficit?

A) There are limitations that governments put on international trade. B) The expenditures for goods and services purchases are independent of the current income level. C) There is the increase in the income level of Turkey. D) The export volume is less than the import volume. E) Net export function is increasing.

Soru 12:

Which of the following is an example of supply side policies of governments?

A) controlling the quantity of money B) tax reduction to increase production C) deciding on defense expenses D) infrastructure works E) deciding on tax rates for products

Soru 13:

………….is the fiscal policy that aims to decrease aggregate expenditures by reducing government spending and/or increasing taxes. Which of the following best completes the blank above?

A) Equilibrium output level B) Automatic stability provider C) Expansionary fiscal policy D) Automatic stabilizer E) Contractionary fiscal policy

Soru 14:

Which unemployment type occurs during contraction of production volume experienced from time to time?

A) Structural B) Prevalent C) Incidental D) Partial E) Cyclical

Soru 15:

Which of the following is not a way of a country’s using its income?

A) For savings B) For imported goods and services C) To purchase domestically produced goods D) For unexpected leakages E) To transfer to government as taxes

Soru 16:

Which of the following is defined as the net multiplier with a value of 1 when government expenditures and taxes change in the same amount and direction?

A) Income multiplier B) Consumption multiplier C) Tax multiplier D) Balanced budget multiplier E) Injection multiplier

Soru 17:

According to equilibrium in Keynesian model, which of the given statement(s) below is/are true? I. Equilibrium income cannot be achieved at the level of underemployment or overemployment. II. The level of income does not depend on aggregate demand or aggregate expenditures. III. Keynes links the deviations from full employment to the inadequacy of aggregate expenditures in the economy.

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

Soru 18:

‘……………… is the short term fluctuations in production volume.’ Which one of the following concepts could best complete the gap in the sentence above?

A) recovery B) contraction C) inflation D) general price level E) business cycle

Soru 19:

Which of the followings has a special budget?

A) Turkish Grand National Assembly B) Presidency of the Republic C) Municipalities D) Ministry of Education E) Ministry of Tourism

Soru 20:

Which of the following is not important while determining the level of equilibrium income of the economy?

A) Leakages B) Expenditures C) Injections D) Income E) Imports