Final Sınavı - Foreıgn Trade - sinavahazirlan.com

Soru 1:

Which of the following is one of the important conclusions about the determina-tion of foreign exchange rate between the two currencies?

A) Each deposit holder doesn't convert this return to his/her own currency to compare the return he/she obtained. B) It is the expected value since nobody knows the future value of dollar as of tomorrow. C) We cannot easily calculate the expected return of $ deposits in terms of Turkish lira as almost zero percent. D) The expected rate of return of this type of deposits won't be equal to interest rate paid for them. E) We should question the meaning and validity of this assumption.

Soru 2:

Economic and Monetary Union Common Market Customs Union Free Trade Area Preferential Trade Agreement What is the correct order of the economic integration types from the loosest to the most comprehensive?

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

Soru 3:

A country has a comparative advantage when………………..?

A) it can produce a good at a lower average cost than another country, B) it can produce a good at a lower opportunity cost than another country, C) it can produce a good at a lower marginal cost than another country, D) it can produce a good at a lower fixed cost than another country, E) it can produce a good at a lower sunk cost than another country.

Soru 4:

Which of the followings is among the examples of banking crisis?

A) Asian Tigers Crisis, 1997. B) Tequila Crisis. C) Pound Crisis. D) Subprime mortgage crisis, 2007. E) Panda Crisis.

Soru 5:

Free Trade without Discrimination Principle Free Trade Principle Predictability Principle Promoting Fair Competition Principle Encouraging Economic Develeopment and Reform Principle Which of the above are the main principles of both the GATT and the WTO?

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

Soru 6:

Which of the followings refers to the capital flows based on debt instruments with a maturity less than one year?

A) Private Capital Movements. B) Government Capital Movements. C) Short Term Capital Movements. D) Domestic Capital Movements. E) Foreign Capital Movements.

Soru 7:

Which choice is as important as the commodity terms of trade for a developing nation?

A) Volume of trade B) Balance of trade C) Terms of trade D) Income terms of trade E) National trade

Soru 8:

How it is decided that a country is small?

A) cannot affect the global market B) have less than 1000000 residents. C) can affect global markets D) have smaller land E) do not want to trade with other countries

Soru 9:

Which one below is the additional balancing item to a nation's balance of payments?

A) Current account B) statistical discrepancy C) capital account D) financial account E) reserve assets

Soru 10:

How is the rate of change in the nominal exchange rate explained? What are they?

A) It is explained by two factors: the rate of change in the real exchange rate and the inflation differential between two countries. B) It is explained by four factors: the real exchange rate is constant, the domesticinflation is lower, the domestic currency won't change, and the change in the nominal exchange rate will be positive. C) It is explained by one factor: the real foreign exchange rate between countries is calculated. D) It is explained by three factors: it does not measure the purchasing power of the domestic currency, it is known as the nominal foreign exchange rate and it causes depreciation or appreciation of a currency against other currencies. E) It is almost explained by being not rational to calculate the real foreign exchange rate by using just one good.

Soru 11:

Is the determination of the equilibrium level of $/T exchange rate in the long run different from the price determination process?

A) Yes, it is. B) No, it isn not. C) It is not known. D) It hasn't been examined yet. E) It is being studied on.

Soru 12:

The one-hundred-year period before the First World War is generally known as __________ of private investments. Which of the below completes the sentence.

A) the silver age B) the chrome age C) the metal age D) the golden age E) the bronze age

Soru 13:

Which of the following states that the domestic interest rate is equal to the total of foreign interest rate and to the expected rate of change in the foreign exchange rate?

A) The interest parity condition B) The law on one price C) Purchasing power parity D) Spot exchange rate E) Real foreign exchange rate

Soru 14:

If a country has absolute advantage in all products and the other country is absolutely less productive, then what happens to trade?

A) international trade would occur certainly, B) international trade would occur but the trade is zero sum game, C) international trade would occur only in limited goods, D) international trade wouldn’t occur, E) international trade would ocur among the similar countries.

Soru 15:

Whiat is one of the disadvantages of tariffs?

A) It is difficult for governments to generate cash using tariffs. B) A tariff can only be used to raise the price of imported products, not of exported ones. C) Export tariffs may be used to encourage the export of products which are deemed as critical assets. D) A tariff can decrease the price of the imported products. E) Import tariffs hurt consumers who would like to buy products made in abroad.

Soru 16:

Which of the following refers to flows that generally do not come to a country to benefit the high return possibilities in financial assets and to obtain extra profit by using interest rate-foreign exchange rate arbitrage?

A) Short term capital flows B) Long term capital flows C) Government capital flows D) Direct investments E) Portfolio investments

Soru 17:

Current account balance Net foreign investments Domestic capital accumulation Which of the above are measured by subtracting the increase in financial liabilities from the increase in financial assets?

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

Soru 18:

What does GATT stand for?

A) General Agreement on Trade and and Trail B) General Agreement on Tariffs and trails C) General Agreement on Trails and Truth D) General Agreement on Tariffs and Trade E) General Agreement on Tunes and Trade

Soru 19:

Which of the exchange rates below is an example for direct foreign exchange?

A) 1$ = 0.89€ B) 1₺= 0.18$ C) 1€ = 6,32₺ D) 1₺ = 0.16€ E) 1€ = 1.12$

Soru 20:

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 is called:

A) Sporadic dumping. B) Predatory dumping. C) Optimal dumping. D) Persistent dumping. E) Temporary dumping.