Seçmeli Ara Sınav - Introduction to Economics 2

Soru 1:

What refers to the ratio of consumption change to income change?

A) Average propensity to consume B) Average propensity to save C) Disposable income D) Marginal propensity to consume E) Marginal propensity to save

Soru 2:

I. Expenditure multiplier, as an absolute value, is bigger than the tax multiplier II. While increases in public expenditures reduce income, decreases in public expenditures magnify income. III. The effect of taxes on expenditures shows itself indirectly. Which of the statement(s) given above is /are true?

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

Soru 3:

Fiscal policy is a discipline that has gained importance and grown fast since ………..

A) 1920s B) 1940s C) 1950s D) 1930s E) 1960s

Soru 4:

If the marginal propensities to consume and to import are 0.60 and 0.10, respectively, how much change will occur in GDP as a result of an increase of 40 liras in autonomous expenditures?

A) 20 liras B) 40 liras C) 80 liras D) 100 liras E) 120 liras

Soru 5:

…………………. is the excess of expenditures when the economy is in equilibrium above the full employment level of income. Which of the following best fits the blank above?

A) Full Employment Level of Income B) Deflationary Gap C) Inflationary Gap D) Underemployment Equilibrium Level E) Expenditures

Soru 6:

Which of the following is defined as the monetary value of all assets that households have?

A) Investments B) Wealth C) Expenditures D) Expectations E) Consumption

Soru 7:

Which of the following policies below can be used to stabilize the fluctuations in production and employment?

A) Fiscal B) Supply side C) Recovery D) Monetary E) Contraction

Soru 8:

Which of the following is not one of the automatic stabilizers?

A) Employment benefits B) Unemployment insurance premiums C) Income tax D) Dividend payments of corporations E) Changes in firm stocks

Soru 9:

Which of the following is the only component that can have a negative value among expenditure types?

A) Consumption B) Investment C) Net export D) Government expenditures E) Autonomous government expenditures

Soru 10:

In the function AE = C + I + G + NX, what does the aggregate expenditure show?

A) The level of equilibrium B) The level of spending at each income level C) Income and expenditure level D) The level of production and employment E) The income from the sales

Soru 11:

What is the most important component of the modern macroeconomics theory?

A) Production level B) Behavior of economic agents C) Consumption function D) The progress of economy E) Amount of savings

Soru 12:

Which of the followings is a demographic factor?

A) future income expectation B) population increase or decrease C) wealth D) investment figures E) saving figures

Soru 13:

One of the most important studies of economic history is ‘ General Theory of Employment, Interest and Money’ . Who is the writer of the above mentioned book?

A) Mark Twain B) John Maynard Keynes C) Francois Quesney D) Simon Kuznets E) David Hume

Soru 14:

What does Say’s law state?

A) The reasons for the fluctuations in production change. B) Every supply creates its own demand. C) Income equals aggregate expenditures. D) Autonomous expenditures stay constant. E) The economy is in constant balance.

Soru 15:

Which of the following is not related to macroeconomics?

A) Policies that are applied by firms to increase production B) Policies that aim to reduce inflation rate in the long-run C) Policies that are adopted to decrease unemployment rate in the short-run D) Policies that are applied by government to accelerate economic growth rate E) Effects of policies to reduce inflation on unemployment rate

Soru 16:

Which of the followings does not include in wealth?

A) cars B) fields C) houses D) educational background E) rent income

Soru 17:

Which of the followings is an example of social transfers?

A) Supports for investments B) Student grants C) Transfers to special budget institutions D) Interest payments for international debts E) Transfers to municipalities

Soru 18:

Which of the following represents how much the consumption expenditures change when income changes?

A) Marginal propensity to save B) Marginal propensity to consume C) Average propensity to consume D) Average propensity to save E) Capacity utilization

Soru 19:

What refers to the amount of goods and services produced in the home country and sold to other countries?

A) Export B) Import C) Marginal propensity to import D) Interest rate E) Capacity utilization

Soru 20:

What refers to the ratio of savings to income?

A) Marginal propensity to save B) Average propensity to save C) Marginal propensity to consume D) Average propensity to consume E) Autonomous consumption