Foreıgn Trade Çıkmış Sorular, Online Deneme Sınavları, Çalışma, Dersler, Sınava Hazırlanma, vize, final

Soru 1:

Two countries, two commodities and two factors of production Technology is the same in both countries. Both of the countries are labor-abundant. One of the commodities is labor-intensive and the other one is capital-intensive in both countries. Which of the assumptions above are among the weaknesses of the Heckscher- Ohlin Theory?

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

Soru 2:

................... which is constructed upon both the Theory of Absolute Advantage and the Theory of Comparative Advantage postulates that the basis of the comparative advantage is the labor theory of value. Which choice correctly completes this sentence?

A) Classical Trade Theory, B) Labor theory of value, C) Neo-Classical Trade Theory, D) Theory of Absolute Advantage, E) Theory of Comparative Advantage,

Soru 3:

Which of the simplifying assumptions of the Heckscher-Ohlin Theory is the assumption that both countries are continuing to produce both commodities?

A) Demand preferences are the same in both countries. B) There is perfect competition in the commodities and the factor markets in both countries. C) There is full employment in all resources in both of the trading countries. D) There is incomplete specialization in the production in both countries. E) There is free trade between the trading countries.

Soru 4:

Which one of the following assumptions of Heckscher-Ohlin Theory acknowledges that there is no factor-intensity reversal?

A) Two countries, two commodities and two factors of production B) One of the commodities is labor-intensive and the other one is capital-intensive in both countries C) One of the countries is labor-abundant and the other one is capital-abundant D) Technology is the same in both countries E) There is constant returns to scale in the production of both commodities

Soru 5:

Which of the following measures the ease with which one factor of production can be substituted for another within the production as the relative price of the factor declines?

A) Factor-Intensity Reversal B) Elasticity of substitution of factors of production. C) The Specific Factors Model D) Leontief Paradox E) Hecskcher-Ohlin Theory

Soru 6:

Which of the followings refers to the goods or services that are bought from a foreign country?

A) Trade surplus. B) Exports. C) Imports. D) Balance of trade. E) Trade deficit.

Soru 7:

Which one below is an acquired advantage?

A) Ceramics of Kütahya B) Coffee of Brasil C) Petroleum of Saudi Arabia D) Hazelnut of Turkey E) Corn of the USA

Soru 8:

Which of the following choices correctly defines the concept of " income inelastic demand "?

A) It refers to the situation when the increase in the demand for a certain commod-ity is smaller than the increase in income. B) It explains the condition that the increase in the demand for a certain commod-ity is greater than the increase in income. C) It displays that income elasticity of demand can appear in three forms. D) It refers to the circumstance when the demand for a certain commodity decreas-es while the income increases. E) It postulates that countries with similar income levels have more or less identical demand preferences.

Soru 9:

Which of the followings refers to the situtaion when the cost of producing a unit of commodity decreases as its output rate increases?

A) Positive economies of scale. B) Non-tariff restrictions. C) Pattern of trade. D) Foreign exchange market. E) Negative economies of scale.

Soru 10:

Which of the following statement correct about the income terms of trade?

A) It gives the nation’s export-based capacity to import and an increase in it is a negative sign with respect to its economic development, B) It gives the nation’s export-based capacity to import and an increase in it is a positive sign with respect to its economic development, C) It gives the nation’s import-based capacity to export and an increase in it is a positive sign with respect to its economic development, D) It gives the nation’s import-based capacity to export and an increase in it is a negative sign with respect to its economic E) It gives the nation’s productive capacity and an increase in it is a positive sign with respect to its economic development,

Soru 11:

Which of the following is an example of acquired advantage?

A) Saudi Arabia-Petroleum B) Brazil-Coffee C) Turkey-Hazelnut D) Norway-Fish E) Kütahya ceramics and porcelain

Soru 12:

How would you define the term " Indifference curve "?

A) It gives the total supply of a country. B) It displays the production possibilities frontier of Sunland. C) It refers to an exchange, giving up a thing to get something else. D) It produces at any point inside the production possibilities frontier. E) It represents the total demand of a country.

Soru 13:

Which of the following assumptions does not indicate one of the weaknesses of the Heckscher-Ohlin Theory?

A) There is free trade between the trading countries. B) Demand preferences are different in both countries. C) There is incomplete specialization in the production in both countries. D) There is constant returns to scale in the production of both commodities. E) There is perfect competition in the commodities and the factor markets in both countries.

Soru 14:

Considering the terms of trade, which of the followings refers to a deterioration in the terms of trade?

A) Trade surplus. B) Increase. C) Income. D) Decrease. E) Commodity.

Soru 15:

Which trade cost includes collecting information about the demand preferences of the consumers, searching for new trade partners and regulations about new trading countries?

A) Transports costs B) Logistic costs C) Border crossing costs D) Information and transaction costs E) Traderestriction costs

Soru 16:

"Government tax and subsidy programs alter the prices charged for goods and services. These changes can be sufficient to generate advantages in production of certain products. In these circumstances, advantageous trade may arise solely due to differences in government policies across countries." Which one of the basic reasons below is directly related with the statment above?

A) Differences in Technology: B) Differences in Resource Endowments C) Existence of Government Policies D) Existence of Economies of Scale in Production E) Differences in Demand

Soru 17:

In which of the following stages of the Product Cycle Model does the innovating country protect itself from imitators by the use of patent rights?

A) Product-standardization stage B) New-product stage C) Product-maturity stage D) Product-growth stage E) Product-decline stage

Soru 18:

Which one of the following terms is used for the circumstance when the demand for a certain commodity decreases while the income increases?

A) Income inelastic demand B) Income elastic demand C) Inferior goods D) Product differentiation E) Product cycle

Soru 19:

Which choice is about " Foreign exchange rate "?

A) The price at which a currency is exchanged for the other currency refers to it. B) Lowering the value of the national currency by the decision of the Central Bank is called devaluation. C) Raising the value of the national currency by the decision of the Central Bank is referred to revaluation. D) They are the accounts that give rise to the inflow of the international payments to the country. E) International transactions are recorded into the balance of payments by the double-entry bookkeeping principle.

Soru 20:

Which one of the following refers to the degree of responsiveness of demand for a commodity or a service against a change in income, provided that all other things remain the same?

A) Factor price index B) Income elasticity of demand C) Increasing returns to scale D) Factor-intensity reversal E) Unemployment rate