Foreıgn Trade Ara 3. Deneme Sınavı

Toplam 20 Soru
PAYLAŞ:

1.Soru

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?


Currency depreciation

Currency appreciation

Revaluation

Devaluation

Foreign exchange rate


2.Soru

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


Internet of Things

Artificial Intelligence

Exchange rates

Blockchain

3D Printing


3.Soru

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


Classical liberalism

Homogeneous

Laissez-faire

Absolute advantage

Labor productivity


4.Soru

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


industrial revolution

production boom

silk road

foreign trade policy

nothing


5.Soru

Who was Paul Samuelson ?


He translated, edited and introduced  Heckscher-Ohlin Trade Theory. 

He was known as an American economist who wrote the largest-selling economics textbook ever in 1948, namely Economics: An Introductory Analysis.

He developed the distribution of income effects of international trade.

He improved the basic Heckscher-Ohlin Model by his assumptions on the relative factor prices.

He lead to a balanced international trade, reminding the last simplifying assumption of the HeckscherOhlin Theory.


6.Soru

  1. Hereditary skill
  2. Downsizing of subsidiaries
  3. Local market for skill
  4. Introduction to new ideas
  5. 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?


I, II and III

III, IV and V

I, II, IV and V

I, III, IV and V

II, III, IV and V


7.Soru

"Advantageous trade can occur between countries if the countries differ in their __________ to produce goods and services."

What completes the above sentence?


resource endowments

technological abilities

demand

economies of scale

government policies


8.Soru

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


Differences in Technology

Differences in Resource Endowments

Differences in Demand

Existence of Economies of Scale in Production

Differences in the stream of migration


9.Soru

Magnification effect implies that:


A change in the wage leads to a relatively more change on the demand for labor in the same direction.

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.

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.

A change in the demand for a capital-intensive commodity leads to relatively more change on demand for capital in the same direction.

The amount of output increase will be relatively higher than the increase in the factors of production.


10.Soru

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


Brazilian coffee

Saudi Arabian Petroleum

Turkish hazelnut

Danish silver-cutlery sets

Dutch tulips


11.Soru

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


Volume of trade

Terms of trade

Pattern of trade

Foreign exchange rate

Deterioration


12.Soru

What is " Product Cycle Model "?


It rests on the recognition of dynamic changes that affect the manufactured commodities.

It is constant in trading countries.

It doesn't analyze the life and trade cycle of a new product manufactured by the innovating country.

It tells the other main weaknesses of the Linder Model.

It doesn't explain the effects of technological differences on international trade.


13.Soru

What is currency depreciation?


Lowering the value of the national currency

Raising the value of the national currency

Increasing the value of the national currency compared to a foreign currency

Decreasing the value of the national currency compared to a foreign currency

The price at which a currency is exchanged for the other currency


14.Soru

  1. Protect domestic producers
  2. Implement infant-industry argument
  3. Serve for diplomatic relations
  4. Collect revenue to the Treasury

Which of the above trade restriction aims are known as traditional aims of trade restrictions?


I-IV

I-III

II-III

II-IV

III-IV


15.Soru

Who presented the notion of reciprocal demand?


Adam Smith

Eli Heckscher

John Maynard Keynes

John Stuart Mill

David Ricardo


16.Soru

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


International trade.

Barter.

Balance of trade.

Trade deficit.

International money.


17.Soru

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


Eli Heckschner and Bertil Ohlin

Eli Heckschner and David Ricardo

David Ricardo and Bertil Ohlin

Adam Smith and David Ricardo

Adam Smith and Bertil Ohlin


18.Soru

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


Manufactures

Fuels and mining products

Agricultural products

Chemicals

Others


19.Soru

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?


Constant opportunity cost

Production Possibility Frontier-PPF

Offer curve

Autarky

Opportunity costs


20.Soru

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


Reciprocal demand curve

Opportunity cost

Offer curve

Constant opportunity cost

Trade-off