Final Sınavı - Foreıgn Trade - sinavahazirlan.com

Soru 1:

What does FPI stand for?

A) Foreign Direct Investment B) Foreign Portfolio Investment C) For Direct Investment D) For Portfolio Investment E) Failure Direct Investment

Soru 2:

Trade in Commodities Trade in Services Trade Related Aspects of Intellectual Property Rights (TRIPS) Trade Related Dispute Settlement Trade Monitoring Which of the above are the pillars the WTO is based on?

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

Soru 3:

Setting multilateral trading rules Trade negotiations WTO agreements Building trade capacity Which of the above is/are the fundamentals of the WTO?

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

Soru 4:

What allows the import of a certain amount of a commodity duty-free or at a lower duty rate while amounts exceeding the quota are subject to a higher duty rate?

A) Import Quotas B) Export quotas C) Tariff quotas D) Foreign exchange control E) Multiple exchange rate system

Soru 5:

The balance of payments Capital accumulations Trade regulations Economic growth Employment Which of the above are affected positively by direct investments?

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

Soru 6:

Which one of the following terms refers to the current exchange rate today for immediate delivery?

A) Spot exchange rate B) Forward exchange rate C) Real foreign exchange rate D) Nominal exchange rate E) The interest parity condition

Soru 7:

I. Barriers to trade, II. Demand for export, III. Purchasing Power Parity, IV. Demand for import. Which of the ones listed above is among the factors affecting the long run exchange rate?

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

Soru 8:

I. Central Bank, II. Arbitrators, III. Speculators, IV. Traders. Which of the ones listed above is among the participants of foreign exchange market?

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

Soru 9:

Considering the key historical events that paved the way for the establishment of the Multilateral Trading System, which of the following is the first essential initiative to construct a system of peace that is based upon international law and organization?

A) Treaty of Westphalia B) Vienna Congress C) Atlantic Charter D) Bretton Woods Conference E) Churchill and Roosevelt meeting

Soru 10:

Suppose that the current exchange rate is $/₺ = 5.53 and you used dollar to buy a T-shirt which cost 12$. How much would it cost you in terms of Turkish lira?

A) 55.30₺ B) 66.33₺ C) 60.50₺ D) 58.80₺ E) 62.30₺

Soru 11:

Which one of the following terms refers to The value of a domestic currency against foreign currencies corrected for the purchasing power?

A) Real foreign exchange rate B) Cross foreign exchange rate C) Foreign exchange rate D) Domestic price E) Foreign price

Soru 12:

What does WTO stand for?

A) Worst Trade Obedience B) World Trade Obedience C) World Trail Obey D) World Trails Organization E) World Trade Organization

Soru 13:

What is a country’s advantage to other countries due to its climate, natural resources and labor ability called?

A) Natural advantage B) Acquired advantage C) Labor productivity D) Autarky E) Opportunity costs

Soru 14:

"An arrangement to avoid some or all forms of competition, the parties to which are business enterprise domiciled under more than one government and trading across national frontiers" is the definition for:

A) Anti dumping duty. B) International Cartel. C) Ordinary restrictive agreement among businessmen. D) Embargo. E) Voluntary export restraint.

Soru 15:

In order to buy a unit of currency, what is the amount that must be foregone in the other currency?

A) the foreign exchange rate B) the determination of an asset’s price C) the ratio of foreign trade D) the level of this price E) the framework of international transactions

Soru 16:

Which one of the following scholars is regarded as one of the first mercantilists believing that a nation’s holdings of gold are the main measure of its wealth?

A) Thomas Mun B) David Hume C) Adam Smith D) David Ricardo E) Gottfried Haberler

Soru 17:

Which of the followings is considered a way to determine the correct level of currencies, based on the theory of purchasing-power parity (PPP)?

A) Interest parity condition. B) Spot quotations. C) The inflationary expectations. D) The Fisher Equation. E) The Big Mac index.

Soru 18:

When was the tariff concessions deal signed following the failure of International Trade Organization initiative?

A) 30 January 1942 B) 30 October 1944 C) 30 May 1945 D) 30 January 1946 E) 30 October 1947

Soru 19:

What is Purchasing Power Parity (PPP) Theory is based on?

A) a process internationally the result will be the same. B) a principle known as “law of one price”. C) not the law of one price investigates the relationship between the prices of not only the identical goods but also the prices of all goods among countries. D) a long period of time among the markets. E) a deviation in the exchange rate.

Soru 20:

Which of the following according to Linder Model is a determinant of the commodities in which the country specializes?

A) Income levels B) Demand preferences C) Inferior goods D) Commodities E) Domestic market