Final Sınavı - Foreıgn Trade - sinavahazirlan.com

Soru 1:

What is spot exchange rate?

A) It is the value of foreign currency units in terms of each other. B) It is the price of one unit of currency in terms of the other. C) It is the value of foreign currency units in terms of each other. D) It is the value of a domestic currency against foreign currencies. E) It is the current exchange rate today for immediate delivery.

Soru 2:

Which of the below is a disadvantage of tariffs?

A) it provides revenue to government based on imported products. B) surges the price of the importedproducts, sometimes uplifting its status to that of a luxury product. C) Import tariffs hurt consumers who would like to buy products made in abroad. D) usedto raise the price of an exported product. E) used to regulatethe advancement of rival industries in different countries.

Soru 3:

What are Funds used for investments made by a country’s own citizens in a foreign country called?

A) Domestic capital B) Foreign capital C) Government capital D) Private capital E) Short term capital

Soru 4:

Anti-dumping duty is:

A) The non-stop tendency of a domestic monopolist to maximize total profits via selling the commodity at a higher price within the domestic market. B) The occasional sale of a commodity at under cost or at a lower price overseas than domestically in order to unload an unforeseen and transient surplus of the commodity without having to reduce domestic prices. C) The temporary sale of a commodity at below cost or at a lower price abroad as a way to drive overseas producers out of enterprise. D) A payment made by a government to a particular industry based on the output or production. E) A tariff imposed on imports manufactured in overseas countries and priced below the fair market value of similar goods in the domestic market.

Soru 5:

Which of the following can be determined by combining the effects of the tariff on consumers, producers, and the government.

A) The tariff effect on the revenue of government. B) The tariff effect on a small country C) The tariff effect on a large country D) The net effect of the tariff on the importing nation E) The optimal tariff

Soru 6:

The General Agreement on Tariffs and Trade (Gatt) The World Trade Organization (WTO) The World Bank International Monetary Fund (IMF) International Trade Organization (ITO) Which of the above are Bretton Woods institutions (proposed) and correspond to a three-pillared structure for the post-war international economic order?

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

Soru 7:

Which of the following best states the claim of the principle known as ‘law of one price’?

A) It states that different goods should be sold with the same price even in different markets. B) It states that entirely homogeneous (identical) goods should be sold with different prices even in different markets. C) It states that different goods should be sold with different prices even in different markets. D) It states that entirely homogeneous (identical) goods should be sold with the same price even in different markets. E) It states that entirely homogeneous (identical) goods should be sold with the same price even in the domestic markets.

Soru 8:

Which of the following refers to a condition of decreasing cost of a unit of commodity while its output rate is increasing?

A) Increasing returns to scale B) Factor-intensity reversal C) Factor price index D) Unemployment rate E) Aims of trade restrictions

Soru 9:

Which of the followings refers to the value of foreign currency units in terms of each other?

A) Cross foreign exchange rate. B) Foreign exchange rate. C) Real foreign exchange rate. D) Spot exchange rate. E) Long run equilibrium exchange rate.

Soru 10:

Which of the followings states that the nominal interest rate in an economy is equal to the sum of the real interest rate and the expected inflation?

A) Domestic interest rate. B) Interest parity condition. C) Fisher Equation. D) Forward exchange rate. E) Quotations.

Soru 11:

domestic currency gains value= the appreciation of domestic currency domestic currency loses value= appreciation of domestic currency domestic currency gains value= depreciation of domestic currency domestic currency loses value= depreciation of domestic currency Which of the above is correctly stated?

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

Soru 12:

Which of the GATT Articles below specifies that once members desire to increase their bound rates or to withdraw tariff concessions, they must negotiate and reach agreements with the members with whom they had initially negotiated?

A) GATT Article XXVIII B) GATT Article XVIII C) GATT Article XI D) GATT Article II E) GATT Article XXVII

Soru 13:

When was the The Big Mac index invented?

A) 1982 B) 1983 C) 1986 D) 1992 E) 1996

Soru 14:

A simple contract to fix prices or allocate sales Reciprocal exchange of stock between large concerns Private stockholdings which establish a community of control among nominally independent enterprises An international trade association which maintains an incorporated joint sales agency for its members Which of the above mentioned forms does the international cartel ‘Interlocking ownership’ take?

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

Soru 15:

In which country did Panda crisis occur?

A) The USA B) China C) Japan D) Thailand E) Russia

Soru 16:

A slowdown in industrialization process Growth of multinational companies Expansion of intergovernmental loans Increase of the efficiency of international organizations Which of the above are among the reasons for a significant increase in capital flows from developed countries to developing countries in the post-World War II?

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

Soru 17:

Which of the following is a capital intensive product?

A) Textile B) Vanilla C) Automobiles D) Foot wear E) Furniture

Soru 18:

Which of the followings consists of unilateral transfers occurred in the country with the rest of the world?

A) Reserve Assets. B) Financial Account. C) Current Account. D) Capital Account. E) Statistical Discrepancy.

Soru 19:

This account fundamentally consists of unilateral transfers occurred in the country with the rest of the world. What does the above description define?

A) Current account B) Financial account C) Capital account D) Reserve assets E) International portfolio assessment

Soru 20:

Which of the following is the definition for ‘real foreign exchange rate’?

A) The value of foreign currency units in terms of each other. B) The price of a foreign currency in terms of the domestic currency. C) The current exchange rate today for immediate delivery. D) The value of a domestic currency against foreign currencies corrected for the purchasing power. E) The exchange rate settled today for a payment or delivery that will be consummated in a future date.