Seçmeli Ara Sınav - Foreıgn Trade

Soru 1:

Production possibilities frontier The offer curve The autarky relative price line The indifferent curve The opportunity cost The intersection of which of the above determine the general equilibrium of an economy?

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

Soru 2:

Which one of the following terms refers to technologies that build 3D objects by adding layer-upon-layer materials of different kinds like plastics and metals?

A) Additive Manufacturing B) Digital economy C) Business-to-business e-commerce D) Business-to-consumer e-commerce E) Merchandise trade

Soru 3:

Which of the following deals with the international distribution of income?

A) Stolper-Samuelson Theorem B) Heckscher- Ohlin Theory C) Classical Trade Theory D) The international trade theory E) International Factor Price Equalization Theorem

Soru 4:

How is the concept of " general equilibrium of an economy " determined?

A) It is determined by the intersection of the production possibilities frontier, the autarky relative price line, and the indifferent curve. B) The price of one commodity is expressed in terms of the price of the other commodity. C) It displays the autarky equilibrium in our hypothetical countries, Sunland and Lakeland. D) The autarky equilibrium is determined at point A for Sunland where the production possibilities frontier, E) It is impossible for both Sunland and Lakeland to reach to this further level of utility.

Soru 5:

Who are the first economists who developed a more detailed analysis on the differences in productivity?

A) Adam Smith, B) David Ricardo, C) Eli Heckscher and Bertil Ohlin, D) Eli Heckscher and David Ricardo, E) Bertil Ohlin and Adam Simith,

Soru 6:

According to the Theory of Absolute Advantage, A country has an absolute advantage in the production of a good relative to another country if…………………………….?

A) it can produce the good at a lower cost or with a higher productivity, B) it can produce the good at alot or with a higher efficiency, C) it can produce the good at a lower opportunity cost, D) it can produce the good with a capital intensive production, E) it can produce the good with a labor intensive production,

Soru 7:

Which one of the following statements is wrong considering the assumptions of Heckscher-Ohlin Theory?

A) Demand preferences might differ both countries B) There is perfect competition in the commodities and the factor markets in both countries C) There is free movement of factors of production within each country but no free movement of factors of production between countries D) There is free trade between the trading countries E) There is full employment in all resources in both trading countries

Soru 8:

I. Mercantilism can be said to be a recent theory of international trade II. According to the mercantilist doctrine, countries should export more than they import III. For Mercantilism, the prosperity of a nation is dependent upon its supply of capital Which one(s) of these statements is/are true about Mercantilism?

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

Soru 9:

When in production the positive economies of scale occurs?

A) when the cost of producing a unit of commodity decreases as its output rate increases. B) when the cost of producing a unit of commodity increases as its output rate increases. C) when the average cost of producing a additional unit of commodity decreases as its output rate increases. D) when the marginal cost of producing extra unit decreases as its output rate decreases. E) when the total cost of production decreases as its output rate increases.

Soru 10:

Who supported David Ricardo in terms of comparative advantage law?

A) Robert Torrens B) Gottfried Haberler C) Adam Smith D) Eli Heckscher E) Bertil Ohlin

Soru 11:

The production possibilities frontier of a capital-abundant country is:

A) Skewed toward the axis that measures the labor-intensive commodity. B) Skewed toward the axis that measures the capital-intensive commodity. C) Skewed toward the axis that measures labor. D) Skewed toward the axis that measures capital. E) Not skewed towards any of the axis.

Soru 12:

Which of the following statement correctly defines terms of trade?

A) the ratio of exports to imports. B) the ratio of the price index of its exports to imports. C) the ratio of exports to the price index of imports. D) the ratio of the price index of its exports to the price index of its imports. E) the ratio of commodity trade to barter trade.

Soru 13:

Which one of the following refers to the quantity of a good that can be produced per unit of labor input?

A) Homogeneous B) Natural Advantage C) Labor productivity D) autarky E) Acquired Advantage

Soru 14:

What is the name of the way to show a nation’s offer to export and import?

A) Natural Advantage B) Labor productivity C) Autarky D) Opportunity cost E) Offer curve

Soru 15:

"The quantity of a good that can be produced per unit of labor input" What does this sentence define?

A) Comparative advantage B) Homogeneous C) Heterogeneous D) Large scale production E) Labor productivity

Soru 16:

Which one of the following statements on international trade is wrong ?

A) International monetary part of international economics deals with financial transactions B) Decrease in the terms of trade refers to an improvement in the terms of trade C) Increase in the terms of trade is referred to an improvement in the terms of trade D) If total imports are more than the total exports within an economy, then there is a trade deficit E) When total exports exceed total imports, it means that there is a trade surplus

Soru 17:

In terms of patent rights which one below is protected by patents?

A) Books B) drawings of a new machine C) paintings D) films E) brand names

Soru 18:

Which one of the following refers to a reduction in the average cost of a firm in conjunction with the increase within the size of the industry?

A) External economies of scale B) Internal economies of scale C) Constant returns to scale D) Price competitiveness E) Brand competitiveness

Soru 19:

Which country is one of the top trading countries in merchandise trade in 2017?

A) India B) Japan C) South Korea D) United Kingdom E) China

Soru 20:

Which of the following is not one of the main reasons for intra-industry trade?

A) Transportation costs B) Product differentiation C) Internal economies of scale D) Scope of commodity classification E) Similarities in distribution of income