Seçmeli Ara Sınav - Foreıgn Trade

Soru 1:

Which one below is the first International Trade Theory?

A) Absolute Advantage B) New Trade Theory C) National Competitive Advantage D) Mercantilism E) International Product Life Cycle

Soru 2:

Suppose that the foreign exchange rate increases (a depreciation of domestic currency) within an economy. Which of the following statement is correct about the effect of this change on exports and imports of the nation?

A) It can lead to an increase in the volume of exports and no change in the volume of imports of this nation. B) It can lead no change in the volume of exports and a decrease in the volume of imports of this nation. C) It can lead to an increase in the volume of exports and a decrease in the volume of imports of this nation. D) It can lead to a decrease in the volume of exports and an increase in the volume of imports of this nation. E) It does not cause any change in trade volume.

Soru 3:

Lowering the value of the national currency by the decision of the Central Bank is called ………?

A) Appreciation, B) Depreciation, C) Revaluation, D) Devaluation, E) Revoluation.

Soru 4:

Which of the following describes the term ‘tradeoff’?

A) It is the highest cost of the preferred alternative. B) It refers to an exchange, giving up a thing to get something else. C) It gives the total supply of a country. D) It represents the total demand of a country. E) Production at any point outer than the production possibilities frontier.

Soru 5:

Which one of the key concepts of international trade below is related with the currency of the foreign country which is dealt with?

A) Foreign exchange rate B) Trade Restrictions C) Pattern of trade D) Terms of trade E) Volume of trade

Soru 6:

Which of the following statement is correct for international trade?

A) It refers to the real side of international economics based on the physical movement of goods or services. B) It is part of international economics deals with financial transactions. C) It is part of international economics deals with services transactions. D) It is part of international economics deals with only monetary transactions. E) It is a system that involves exchanges of commodities for others.

Soru 7:

Which of the following is a weakness of the simplifying assumption of Heckscher-Ohlin Theory that states ‘one of the countries is labor-abundant and the other one is capital-abundant’?

A) In the real world, we deal with a number of countries and a variety of commodities produced with more than two commodities. B) In the real world, it is not that easy to identify factor endowments of the countries. C) In our world today, countries use different levels of technology and this difference itself constitutes the basis of their comparative advantage. D) In our world today, most of the countries have been seeking to enjoy increasing returns to scale in international trade. E) In the real world, it is really very hard to assume that international trade is free.

Soru 8:

Which of the following is one of the assumptions of the Heckscher-Ohlin theory?

A) There is perfect competition in the commodities and the factor markets in both countries. B) There are two countries, two commodities, and one factor of production all over the world. C) There is complete specialization in the production in both countries. D) There is increasing returns to scale in the production of all commodities. E) There is free movement of factors of production within each country and free movement of factors of production between countries.

Soru 9:

It deals with the distribution of income effects of international trade within a trading country. It deals with the international distribution of income effects of international trade. International trade increases only the income of the factor that is intensively used in the production of the exported commodity. At the general equilibrium point both the relative factor prices and relative commodity prices are equalized. Which of the above-mentioned features reflect the Stolper-Samuelson Theorem?

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

Soru 10:

What is the field of study that seeks to explain intelligent behavior via computer science ?

A) Internet of Things B) Artificial Intelligence C) 3D Printing D) Blockchain E) Additive Manufacturing

Soru 11:

According to the Theory of Absolute Advantage, how a country should produce and export and import?

A) should produce and export products in which it has competitive advantage, and a country should import products in which it has a disadvantage, B) should produce and export products in which it has comparative advantage, and a country should import products in which it has a disadvantage, C) should produce and export products in which it has an absolute advantage, and a country should import products in which it has a disadvantage, D) should produce and export products in which it has positive advantage, and a country should import products in which it has a disadvantage, E) should produce and export products in which it has input advantage, and a country should import products in which it has a disadvantage.

Soru 12:

Which of the following statement correctly defines offer cuve?

A) the nation’s offer of quantity of exports, B) the nation’s offer of quantity of imports, C) the nation’s offer of quantity of exports and imports, D) the nation’s offer of total quantity of exports and imports, E) the nation’s offer of total trade quantity (volume).

Soru 13:

Which of the following is not the participant of foreign exchange market?

A) Traders B) Investors C) Speculators D) Barter E) Arbitrators

Soru 14:

Who constructed the specie-flow theory?

A) Adam Smith B) Bertil Ohlin C) Jacob Viner D) David Hume E) John Maynard Keynes

Soru 15:

I- new-product stage II-product-decline stage III-product-standardization stage IV- product-maturity stage V- product-growth stage Which of the below options shows the correct order of the life cycle of a new product?

A) I-II-III-IV-V B) II-III-I-V-IV C) I-V-IV-III-II D) I-IV-III-II-V E) V-IV-III-II-I

Soru 16:

Product-standardization stage New-product stage Product-maturity stage Product-growth stage Product-decline stage Which of the following is the correct order of the Product Cycle Model?

A) I-III-II-IV-V B) II-III-I-V-IV C) II-IV-III-I-V D) III-IV-V-I-II E) III-V-II-I-IV

Soru 17:

Who is “the principle of comparative advantage” attributed to?

A) Adam Smith B) David Hume C) David Ricardo D) Thomas Mun E) Jacob Viner

Soru 18:

Which choice is not the correct one that the decisions on international transactions affect?

A) employment, B) income distribution, C) human history, D) economic development, E) welfare of the national economy,

Soru 19:

What are the firms in the imperfect competition?

A) Price takers B) price owners C) price movers D) price doers E) price setters

Soru 20:

In the international trade analysis, the total supply of the trading country is represented by:

A) Indifference curve. B) Cost curve. C) Production possibilities frontier. D) Opportunity cost. E) Trade triangles.