Seçmeli Ara Sınav - Foreıgn Trade

Soru 1:

Which of the following is true for Factor-Intensity Reversal?

A) It explains how international trade is realized under the short run factor immobility within the Heckscher-Ohlin Theory context. B) According to it, the factor mobility that is assumed by the Heckscher-Ohlin Theory can only be attained in the long run. C) It postulates that some of the factors of production can be immobile or can only be used in the production of a commodity. D) According to it, the mobility of the factors of production within a country cannot be attained if one of the factors is a specific factor. E) It explains the situation in which a commodity is the labor-intensive commodity in the labor-abundant country and the capital-intensive commodity in the capital- abundant country.

Soru 2:

"a curve that shows the alternative combinations of the two commodities that an economy can produce by fully utilizing all of its resources." What does this sentence define?

A) Constant opportunity cost B) Production possibility frontier C) Labour theory of value D) Labour productivity E) Absolute disadvantage

Soru 3:

"The situation in which a country does not trade with the rest of the world" is called?

A) opportunity cost B) labor productivity C) autarky D) international tarde E) sum-game

Soru 4:

Which one of the following terms is used if total imports are more than the total exports within an economy?

A) trade deficit B) trade surplus C) balance of trade D) volume of trade E) barter

Soru 5:

The model was developed by Swedish economist Staffan Linder. Demand conditions constitute a big importance in explaining international trade patterns. The main determinant of the demand preferences of the domestic consumers is their income levels. Firms within a country produce commodities for the domestic market are motivated to produce less when the market is enlarged. Which of the statements above explain Overlapping Demands Model?

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

Soru 6:

Which of the followings refers to an exchange of a commodity for another?

A) International trade. B) Barter. C) Balance of trade. D) Trade deficit. E) International money.

Soru 7:

Which of the following choices gives an opinion about " new international trade theories "?

A) They do not reject the Heckscher-Ohlin Theory. B) There are dynamic technological differences between trading countries. C) They use different levels of technology. D) They decrease the cost of a unit of commodity while its output rate increasing. E) They take the dynamic technological differences and their effects on internatio-nal trade into consideration.

Soru 8:

According to which trade theory, both of the trading countries can gain if each of them produces the commodity in which they are more efficient?

A) The theory of Comparative Advantage B) The theory of Competitive Advantage C) The theory of Terms of Trade D) The theory of Dynamic Industries E) The theory of Absolute Advantage

Soru 9:

Which of the below is NOT one of the aims of trade restrictions?

A) Protect domestic producers B) Collect revenue to the companies C) Adjust balance of payments D) Implement infant-industry argument E) Serve for diplomatic relations

Soru 10:

What is the quantity of a good that can be produced per unit of labor input called?

A) Opportunity costs B) Autarky C) Acquired advantage D) Labor productivity E) Natural advantage

Soru 11:

A trade deficit in international tarde refers which of the situation below?

A) the difference between total imports and total exports, B) when total imports and total exports are equal to eachother, C) If total imports are more than the total exports within an economy, D) when total exports exceed total imports, E) gives the total amount of imports and exports.

Soru 12:

" The national currency of a country is exchanged for the currency of another in the foreign exchange market. " Which choice is the definition of this sentence?

A) Trade restrictions B) The change in consumer preferences C) Non-tariff restrictions D) Tariffs E) Foreign exchange market

Soru 13:

Which of the following advantages of industrial district indicates that there will be new establishments that supply materials or inputs to the industry?

A) Hereditary skill B) Growth of subsidiaries C) Use of specialized machinery D) Local market for skill E) Introduction to new ideas

Soru 14:

Which one of the following should be known so as to determine factor endowments of the trading countries in the real world?

A) New international trade theories B) Factor-intensity reversal C) Factor price index D) Aims of trade restrictions E) Unemployment rate

Soru 15:

When does negative economies of scale exist?

A) They exist when the cost of producing a unit of commodity increases as its output rate increases. B) They exist when transportation costs comprise of freight charges, warehousingcosts, costs of loading and unloading, etc. C) They exist when the cost of producing a unit of commodity decreases as its output rate increases. D) They exist when demand for raw materials has been declining on all over the world E) They exist when trade restrictions are part of the trade policy of all countries.

Soru 16:

" ................. is the number of unemployed people expressed as a percentage of all the people ". Which of the following choices completes the blank in this sentence?

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

Soru 17:

Which of the followings refers to the notion that is found by the ratio of the price index of its exports to the price index of its imports?

A) Volume of trade. B) Balance of trade. C) Trade surplus. D) Trade deficit. E) Terms of trade.

Soru 18:

Which of the followings refers to the lowering the value of the national currency by the decision of the Central Bank?

A) Currency depreciation. B) Debit accounts. C) Devaluation. D) Currency appreciation. E) Revaluation.

Soru 19:

Which of the followings refers to the medium where the national currency of a country is converted into - bought and sold - for the currency of another?

A) Central Bank. B) Commercial banks. C) Firms. D) Foreign exchange market. E) Individuals.

Soru 20:

Which of the following is not one of the reasons of mercantalism?

A) Production boom B) Industrial revolution C) New market searches D) High import prices E) Widespread use of liberalism in free trade or trade