Seçmeli Ara Sınav - Foreıgn Trade

Soru 1:

Which one of the following is used when a decrease in the value of the national currency compared to a foreign currency occurs due to free floating of foreign exchange rate at foreign exchange rate market?

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

Soru 2:

Which one of the following is not among the main instruments of digital economy?

A) Internet of Things B) Artificial Intelligence C) Exchange rates D) Blockchain E) 3D Printing

Soru 3:

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

A) Classical liberalism B) Homogeneous C) Laissez-faire D) Absolute advantage E) Labor productivity

Soru 4:

Before the mercantilist period, it was difficult to talk about a common foreign trade in the world. what was the only exception to this?

A) industrial revolution B) production boom C) silk road D) foreign trade policy E) nothing

Soru 5:

Who was Paul Samuelson ?

A) He translated, edited and introduced Heckscher-Ohlin Trade Theory. B) He was known as an American economist who wrote the largest-selling economics textbook ever in 1948, namely Economics: An Introductory Analysis. C) He developed the distribution of income effects of international trade. D) He improved the basic Heckscher-Ohlin Model by his assumptions on the relative factor prices. E) He lead to a balanced international trade, reminding the last simplifying assumption of the HeckscherOhlin Theory.

Soru 6:

Hereditary skill Downsizing of subsidiaries Local market for skill Introduction to new ideas Specialized suppliers Which of the above are among the advantages that an industrial district can create for the firms that operate within the same industry?

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

Soru 7:

"Advantageous trade can occur between countries if the countries differ in their __________ to produce goods and services." What completes the above sentence?

A) resource endowments B) technological abilities C) demand D) economies of scale E) government policies

Soru 8:

Which one of the following is not among the basic reasons why trade may take place?

A) Differences in Technology B) Differences in Resource Endowments C) Differences in Demand D) Existence of Economies of Scale in Production E) Differences in the stream of migration

Soru 9:

Magnification effect implies that:

A) A change in the wage leads to a relatively more change on the demand for labor in the same direction. B) A change in the demand for a labor-intensive commodity leads to a relatively more change on the price of the commodity in the same direction. C) A change in the price of a commodity leads to a relatively more change on the income of the factor used intensively in its production in the same direction. D) A change in the demand for a capital-intensive commodity leads to relatively more change on demand for capital in the same direction. E) The amount of output increase will be relatively higher than the increase in the factors of production.

Soru 10:

Which one of the following is an example of acquired advantage within the theory of absolute advantage?

A) Brazilian coffee B) Saudi Arabian Petroleum C) Turkish hazelnut D) Danish silver-cutlery sets E) Dutch tulips

Soru 11:

Which of the following refers to exported and imported commodities of each nation?

A) Volume of trade B) Terms of trade C) Pattern of trade D) Foreign exchange rate E) Deterioration

Soru 12:

What is " Product Cycle Model "?

A) It rests on the recognition of dynamic changes that affect the manufactured commodities. B) It is constant in trading countries. C) It doesn't analyze the life and trade cycle of a new product manufactured by the innovating country. D) It tells the other main weaknesses of the Linder Model. E) It doesn't explain the effects of technological differences on international trade.

Soru 13:

What is currency depreciation?

A) Lowering the value of thenational currency B) Raising the value of thenational currency C) Increasing the value of the nationalcurrency compared to a foreign currency D) Decreasingthe value of the national currency compared to aforeign currency E) The price at which acurrency is exchanged for the other currency

Soru 14:

Protect domestic producers Implement infant-industry argument Serve for diplomatic relations Collect revenue to the Treasury Which of the above trade restriction aims are known as traditional aims of trade restrictions?

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

Soru 15:

Who presented the notion of reciprocal demand?

A) Adam Smith B) Eli Heckscher C) John Maynard Keynes D) John Stuart Mill E) David Ricardo

Soru 16:

Which of the followings refers to the real side of international economics based on the physical movement of goods or services?

A) International trade. B) Barter. C) Balance of trade. D) Trade deficit. E) International money.

Soru 17:

Which of the following economists developed a more detailed analysis on the differences in productivity?

A) Eli Heckschner and Bertil Ohlin B) Eli Heckschner and David Ricardo C) David Ricardo and Bertil Ohlin D) Adam Smith and David Ricardo E) Adam Smith and Bertil Ohlin

Soru 18:

Which one of the following goods constituted the biggest share within the total merchandise exports in 2017?

A) Manufactures B) Fuels and mining products C) Agricultural products D) Chemicals E) Others

Soru 19:

What is the name of the curve that shows the alternative combinations of the two commodities that an economy can produce by fully utilizing all of its resources?

A) Constant opportunity cost B) Production Possibility Frontier-PPF C) Offer curve D) Autarky E) Opportunity costs

Soru 20:

Which one of the following gives the nation’s offer of quantity of exports and import?

A) Reciprocal demand curve B) Opportunity cost C) Offer curve D) Constant opportunity cost E) Trade-off