Seçmeli Ara Sınav - Foreıgn Trade

Soru 1:

What is overlapping Demands Model referred as?

A) Hechsner Model B) Ohlin Model C) Linder Model D) Restrictions Model E) Unemployment model

Soru 2:

According to David Hume’s “the specie-flow theory” what happens to the prices of goods in that country if a country’s net exports increased and more gold flowed into a country?

A) the prices of goods in that country would do not change, B) the prices of goods in that country would rise, C) the prices of goods in that country would decrease, D) the prices of goods in that country would rise one year and decrease in following year, E) the prices of goods in that country do not depend on trade,

Soru 3:

Which definition is correct for the concept of " product differentiation "?

A) lt is good at predicting the pattern of international trade. B) It explains demand oriented model of international trade. C) It determines the comparative advantage of the trading countries. D) Producing a commodity slightly different from the commodity produced by thecompetitor is called product differentiation. E) It helps you to find out the pattern of trade.

Soru 4:

How many simplifying assumptions does The Heckscher-Ohlin Theory stand on?

A) 3 B) 5 C) 8 D) 10 E) 12

Soru 5:

What does the real side of international economics refer t o?

A) International trade B) International money C) Barter D) Investment flow E) Balance of trade

Soru 6:

In which of the following conditions do potatoes and rice become inferior goods?

A) When the demand for a certain commodity decreases while the income increases. B) When the demand for a certain commodity increases while the income increases. C) When the demand for a certain commodity decreases while the income decreases. D) When the increase in the demand for a certain commodity is smaller than the increase in income. E) When the increase in the demand for a certain commodity is greater than the increase in income.

Soru 7:

What refers to the circumstance when the demand for a certain commodity decreases while the income increases?

A) Income elastic demand B) Income inelastic demand C) Linder model D) Inferior goods E) Hechsner theory

Soru 8:

What refers to a condition of decreasing cost of a unit of commodity while its output rate increasing?

A) Increasing returns to scale B) New international trade theories C) Factor-intensity reversal D) Factor price index E) Unemployment rate

Soru 9:

What is the name of the term that in economic theory, represents the situation in which one part gains in the expense of the other part?

A) Neomercantilist B) Zero-sum game C) Mercantilism D) Laissez-faire E) Homogeneous

Soru 10:

Which one of the following terms refers to raising the value of the national currency by the decision of the Central Bank?

A) Foreign exchange rate B) Devaluation C) Currency depreciation D) Revaluation E) Currency appreciation

Soru 11:

I. Protect international companies II. Collect revenue to the Treasury III. Serve for diplomatic relations Which one(s) of these is/are among the main aims of trade restrictions?

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

Soru 12:

Which of the following is not one of the subjects that the international money part deals with?

A) Financial transactions B) Foreign exchange markets C) Physical movement of goods or services D) Foreign exchange rate systems E) Payments amongthe nations

Soru 13:

" Almost all the international trade models assume that international trade is ................ ". Which of the following choices completes the blank correctly?

A) a perfectly competitive market B) a different market type C) lower earning D) free E) a production type

Soru 14:

According to The Product Cycle Model, in which stage does the production of the new product within the innovating country decrease rapidly since the imitating country undersells it in its domestic market?

A) new-product stage B) product-growth stage C) product-maturity stage D) product-standardization E) product-decline stage

Soru 15:

Which of the following choices is false related to the " Characteristics of a Perfectly Competitive Market "?

A) There are many firms producing a homogenous commodity. B) There are many consumers. C) Demand preferences are the same in both countries. D) It’s easy to enter in and exit out. E) Firms and consumers are well-informed.

Soru 16:

Who is the writer of The Wealth of Nations?

A) David Ricardo B) Adam Smith C) John Stuart Mill D) Alfred Marshall E) Paul Samuelson

Soru 17:

Which one defines the concept of volume of trade correctly?

A) It gives the total amount ofimportsandexports. B) Itgives the difference between total imports and total exports. C) There is atrade deficit. D) It means that there is atrade surplus. E) None of them defines it correctly.

Soru 18:

Which of the following choices " 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 "?

A) Factor-Intensity Reversal B) Specific Factors Model C) Leontief Paradox D) Hecskcher-Ohlin Theory E) Human Capital

Soru 19:

Which of the following is an explanation for ‘economies of scale’?

A) It is producing a commodity slightly different from the commodity produced by the competitor. B) It refers to the same amount of output increase with the increase within the factors of production. C) It exists when the increase in the output is proportionally more than the increase in the input. D) It refers to a reduction in the average cost of a firm in conjunction with the increase within the size of the industry. E) It refers to a reduction in the average cost of a firm that is peculiar to the increase within the scale of the firm itself.

Soru 20:

Product-decline stage New-product stage Product-maturity stage Product-growth stage Product standardization stage In which of the following is the order of the five stages of Product Cycle Model given correctly?

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