Foreıgn Trade Ara 2. Deneme Sınavı

Toplam 20 Soru
PAYLAŞ:

1.Soru

  1. Production possibilities frontier
  2. The offer curve
  3. The autarky relative price line
  4. The indifferent curve
  5. The opportunity cost

The intersection of which of the above determine the general equilibrium of an economy?


I-II-III

II-III-IV

I-III-IV

I-II-V

II-III-V


2.Soru

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?


Additive Manufacturing

Digital economy

Business-to-business e-commerce

Business-to-consumer e-commerce

Merchandise trade


3.Soru

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


Stolper-Samuelson Theorem

Heckscher- Ohlin Theory

Classical Trade Theory

The international trade theory

International Factor Price Equalization Theorem


4.Soru

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


It is determined by the intersection of the production possibilities frontier, the autarky relative price line, and the indifferent curve.

The price of one commodity is expressed in terms of the price of the other commodity.

It displays the autarky equilibrium in our hypothetical countries, Sunland and Lakeland.

The autarky equilibrium is determined at point A for Sunland where the production possibilities frontier,

It is impossible for both Sunland and Lakeland to reach to this further level of utility.


5.Soru

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


Adam Smith,

David Ricardo,

Eli Heckscher and Bertil Ohlin,

Eli Heckscher and David Ricardo,

Bertil Ohlin and Adam Simith,


6.Soru

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


it can produce the good at a lower cost or with a higher productivity,

it can produce the good at alot or with a higher efficiency,

it can produce the good at a lower opportunity cost,

it can produce the good with a capital intensive production,

it can produce the good with a labor intensive production,


7.Soru

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


Demand preferences might differ both countries

There is perfect competition in the commodities and the factor markets in both countries

There is free movement of factors of production within each country but no free movement of factors of production between countries

There is free trade between the trading countries

There is full employment in all resources in both trading countries


8.Soru

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?


Only I

Only II

Only III

I-II

II-III


9.Soru

When in production the positive economies of scale occurs?


when the cost of producing a unit of commodity decreases as its output rate increases.

when the cost of producing a unit of commodity increases as its output rate increases.

when the average cost of producing a additional unit of commodity decreases as its output rate increases.

when the marginal cost of producing extra unit decreases as its output rate decreases.

when the total cost of production decreases as its output rate increases.


10.Soru

Who supported David Ricardo in terms of comparative advantage law?


Robert Torrens

Gottfried Haberler

Adam Smith

Eli Heckscher

Bertil Ohlin


11.Soru

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


Skewed toward the axis that measures the labor-intensive commodity.

Skewed toward the axis that measures the capital-intensive commodity.

Skewed toward the axis that measures labor.

Skewed toward the axis that measures capital.

Not skewed towards any of the axis.


12.Soru

Which of the following statement correctly defines terms of trade?


the ratio of exports to imports.

the ratio of the price index of its exports to imports.

the ratio of exports to the price index of imports.

the ratio of the price index of its exports to the price index of its imports.

the ratio of commodity trade to barter trade.


13.Soru

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


Homogeneous

Natural Advantage

Labor productivity

autarky

Acquired Advantage


14.Soru

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


Natural Advantage

Labor productivity

Autarky

Opportunity cost

Offer curve


15.Soru

"The quantity of a good that can be produced per unit of labor input"

What does this sentence define?


Comparative advantage

Homogeneous

Heterogeneous

Large scale production

Labor productivity


16.Soru

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


International monetary part of international economics deals with financial transactions

Decrease in the terms of trade refers to an improvement in the terms of trade

Increase in the terms of trade is referred to an improvement in the terms of trade

If total imports are more than the total exports within an economy, then there is a trade deficit

When total exports exceed total imports, it means that there is a trade surplus


17.Soru

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


Books

drawings of a new machine

paintings

films

brand names


18.Soru

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?


External economies of scale

Internal economies of scale

Constant returns to scale

Price competitiveness

Brand competitiveness


19.Soru

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


India

Japan

South Korea

United Kingdom

China


20.Soru

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


Transportation costs

Product differentiation

Internal economies of scale

Scope of commodity classification

Similarities in distribution of income