Seçmeli Ara Sınav - Foreıgn Trade

Soru 1:

A country’s willingness to export and import in terms of relative quantities is given by:

A) Trade triangle. B) Indifference curve. C) Relative price. D) Comparative advantage. E) Offer curve.

Soru 2:

Rejecting the Heckscher-Ohlin Theory Being referred as Post-Heckscher-Ohlin Theories Trying to overcome the weaknesses of the Heckscher-Ohlin Theory Which of the characteristics above belong to new international trade theories?

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

Soru 3:

Which one of the following scholars constructed the specie-flow theory of the movement of money and goods between nations?

A) David Hume B) Adam Smith C) Thomas Mun D) David Ricardo E) Eli Heckscher

Soru 4:

According to mercantilism, what was the main objective of foreign trade policy?

A) to increase the gold stock, B) to increase the terms of trade, C) to have absolute advantage in trade D) to increase marginal labor productivity E) to have Current Account (CA) supluss

Soru 5:

I. Heckscher-Ohlin Theory II. Product Cycle Model III. Neo-Classical Trade Theory Which one(s) of these assume(s) that technology is constant in trading countries?

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

Soru 6:

Which of the following represents the quantities of the commodities that a country would like to export and import?

A) Production possibilities frontier B) The offer curve C) The autarky relative price line D) The indifferent curve E) A welfare increase

Soru 7:

" It is a term that incorporates all the economic processes, transactions and activities on digital technologies. " Which choice is the correct definition of this sentence?

A) Additive Manufacturing, B) Artificial Intelligence, C) Internet of Things (IoT), D) Printing Manufacturing Network, E) Digital economy,

Soru 8:

Which of the following refers to 'monopolistic competition'?

A) Firms can influence the prices of the commodity which they produce. B) A market type in which many firms produce differentiated commodities. C) There is one producer that does not face a competition and thus is the price setter itself. D) The firms are just price takers. E) A country exports and imports with the same commodity category or industry as a whole.

Soru 9:

Who wrote “The Principles of Taxation and Political Economy”?

A) Robert Torrens B) David Ricardo C) Adam Smith D) David Hume E) Gottfried Haberler

Soru 10:

Which of the following statement correctly defines the concept of balance of trade?

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 11:

What does Laissez-faire mean?

A) Let it pass B) Leave it there C) Let it stay D) Leave it to the government E) Leave it alone

Soru 12:

"In the context of national production, the nation has opportunities to produce lemonade and yoghurt. If the nation wants to produce more yoghurt, because of labour resources are scarce and fully employed, in order to increase yoghurt production, it is necessary to remove the worker from the production of lemonade. The loss of lemonade production, which is necessary to produce more yoghurt is called...." Which one of the following terms describes this situation best?

A) Opportunity cost B) Production possibility C) Comparative advantage D) Labor productivity E) Natural advantage

Soru 13:

What provides information to the parties who are concerned with the international transactions of the economy?

A) Balance of payments B) Credit accounts C) Debitaccounts D) Foreign exchange rate E) Terms of trade

Soru 14:

Which of the following simplifying assumptions of Heckscher-Ohlin Theory is the one that best fits today’s international trade environment?

A) Demand preferences are the same in both countries. B) There is perfect competition in the commodities and the factor markets in both countries. C) There is free trade between the trading countries. D) There is free movement of factors of production within each country but no free movement of factors of production between countries. E) International trade between the trading countries is balanced.

Soru 15:

A country’s gains more from trade depend on what?

A) the country’s international terms of trade, B) the country’s absolute advantage, C) the country’s international reserves, D) the country’s currency appreciation, E) the country’s market structure,

Soru 16:

Who does the scientific study of international trade begin with?

A) Adam Smith B) David Ricardo C) John Stuart Mill D) Alfred Marshall E) Eli Heckscher

Soru 17:

What is the name of the situation in which a country does not trade with the rest of the world?

A) Autarky B) Opportunity costs C) Offer curve D) Neomercantilist E) Homogeneous

Soru 18:

How are tastes or demand preferences in a nation presented in curves?

A) Production possibility frontier curve B) Offer curve C) Reciprocal demand curve D) Gains from trade curve E) Community indifference curve

Soru 19:

What is " imperfect competition "?

A) Country A supplies for the world market as a whole, leaving country B aside. B) The reason of this demand increase is the total demand that constitutes the demand of country. C) It is a market structure in which the conditions of perfect competition do not prevail. D) It leaves the reason for relatively lower cost/price incountry. E) There are many firms producing differentiated commodities.

Soru 20:

Which one of the following terms describes the economic policy of a government that stresses non-interference in business?

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