Final Sınavı - Foreıgn Trade - sinavahazirlan.com

Soru 1:

Increased competition Higher level of technology Economies of scale Induce to foreign direct investments Better allocation of economic resources Which of the above are the dynamic effects of customs union?

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

Soru 2:

I. Transport costs II. Logistic costs III. Trade restriction costs Which one(s) of these costs is/are related with the delivering the goods from producers to consumers?

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

Soru 3:

Which institution in Turkey monthly publishes the real effective exchange rate?

A) The Ministry of Treasury and Finance B) The Ministry of Trade C) The Central Bank of the Republic of Turkey (CBRT D) The Presidency Office E) The public banks

Soru 4:

I. Speculative attacks, II. General price level, III. Quantity of money, IV. Interest rate. In a country, which of the ones listed above is affected by short term capital flows?

A) I, II, III & IV. B) I, II & III. C) II, III & IV. D) I, III & IV. E) II & IV.

Soru 5:

The Stolper Samuelson Theorem explains:

A) Explains the distribution of income effects of international trade within a trading country. B) Explains the international distribution of income effects of international trade. C) 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. D) Implies that the mobility of the factors of production within a country cannot be attained if one of the factors is a specific factor. E) Postulates that some of the factors of production can be immobile or can only be used in the production of a commodity.

Soru 6:

Which of the following institutions is NOT associated with World Bank?

A) The International Bank for Reconstruction and Development B) The International Development Association C) The International Center for Settlement of Investment Disputes D) The General Agreement on Tariffs and Trade E) The International Finance Cooperation

Soru 7:

I. Cross foreign exchange rate II. Nominal foreign exchange rate III. Foreign price Which one(s) of them is/are used in the calculation of real foreign exchange rate?

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

Soru 8:

Which of the followings involves all credit and debit items arising from export and import transactions of all goods and services, income receipt, and payment transactions in the country?

A) Reserve Assets. B) Financial Account. C) Current Account. D) Capital Account. E) Statistical Discrepancy.

Soru 9:

Which of the following statements is true regarding tariffs?

A) The only purpose of imposing tariffs is to generate revenues. B) Setting a tariff rate on an imported product is beneficial to all parties. C) Tariffs can be used to uplift the status of an imported product to that of a luxury product. D) Tariffs are used to raise the price of imported products only. E) World Trade Organization bans using tariffs as a method of saving home industries.

Soru 10:

Which of the following restrictions allow the import of a certain amount of a commodity duty-free or at a lower duty rate while amounts exceeding the quota being subject to a higher duty rate?

A) Tariff quotas. B) Voluntary import restraints. C) Domestic production subsidies. D) Dumping. E) Import quotas.

Soru 11:

Which of the followings consists mainly of the changes in official reserves of the country?

A) Reserve Assets. B) Financial Account. C) Current Account. D) Capital Account. E) Statistical Discrepancy.

Soru 12:

Which of the following is not a characteristic of a perfectly competitive market?

A) There are many buyers and sellers. B) The firms sell differentiated commodities. C) There are no barriers to entry and exit. D) There is no price control. E) There is perfect information in the market.

Soru 13:

In which of the following rounds did the member countries decide to establish the WTO and also renewed the GATT?

A) Geneva-Dillion Round B) Geneva-Kennedy Round C) Geneva-Uruguay Round D) Geneva-Tokyo Round E) Geneva-Torquay Round

Soru 14:

"The tariff justified by the terms of trade argument" is called:

A) Optimal tariff. B) Specific tariff. C) Compound tariff. D) Protective tariff. E) Revenue tariff.

Soru 15:

What is one of the economic effects of tariffs?

A) Domestic manufacturers competing in opposition to imports will always be hurt from a tariff. B) The effects of a tariff on the well-being of consumers and producers exhausts its effects on the importing country. C) If a government places a tax on imports of a product, the domestic price of the imported product will decrease. D) Imposing a tariff with an optimal basis on exporting countries brings revenue to the country’s government. E) Imports tariffs make imports more competitive in the domestic marketplace.

Soru 16:

What is the last factor changing the equilibrium exchange rate in the interest rate parity approach?

A) It is the changes in domestic interest rate (iT) paid for Turkish lira assets. B) It shouldn't be the interest rate paid for dollar deposits (i $) and the expected foreign exchange rate (Eet+1). C) It is not the current exchange rate that this point indicates (1$ = 1.00T) is the equilibrium foreign exchange rate. D) The increase of the US interest rate in international markets doesn't cause depreciation of the domestic currency ( Turkish lira). E) An increase in i$ also doesn't mean an increase in the expected return of dollar nominated deposits.

Soru 17:

Which one of the following does not directly affect the demand and supply of foreign exchange and cause a change in the equilibrium level of foreign exchange rate?

A) price increases in two countries B) barriers to free trade C) preferences between imported and domestically produced goods D) relative productivity E) nominal exchange rate

Soru 18:

Which of the groups of non-tariff restrictions is described by the measures like quotas, import licensing requirements, proportion restrictions of foreign to domestic goods, minimum import price limits, embargoes?

A) Customs and Administrative Entry Procedures B) Standards C) Charges on imports D) Specific Limitations on Trade E) Government Participation in Trade

Soru 19:

Which of the following involves all credit and debit items arising from export and import transactions of all goods and services, income receipt, and payment transactions in the country?

A) Current account B) Capital account C) Financial account D) Reserve assets E) Statistical discrepancy

Soru 20:

Which of the following is a disadvantage of tariff?

A) A tariff provides revenue to government based on imported products. B) A tariff can be levied to shield domestic companies. C) A tariffs impedes with the concept of ‘free trade’ because it mainly focuses on the protection local industries. D) A tariff may be used to raise the price of an exported product. E) A tariff surges the price of the imported products, sometimes uplifting its status to that of a luxury product.