Foreıgn Trade Ara 8. Deneme Sınavı

Toplam 20 Soru
PAYLAŞ:

1.Soru

  1. Two countries, two commodities and two factors of production
  2. Technology is the same in both countries.
  3. Both of the countries are labor-abundant.
  4. 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?


I and III

II and IV

I, II and III

I, II and IV

II, III and IV


2.Soru

................... 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?


Classical Trade Theory,

Labor theory of value,

Neo-Classical Trade Theory,

Theory of Absolute Advantage,

Theory of Comparative Advantage,


3.Soru

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


Demand preferences are the same in both countries.

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

There is full employment in all resources in both of the trading countries.

There is incomplete specialization in the production in both countries.

There is free trade between the trading countries.


4.Soru

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


Two countries, two commodities and two factors of production

One of the commodities is labor-intensive and the other one is capital-intensive in both countries

One of the countries is labor-abundant and the other one is capital-abundant

Technology is the same in both countries

There is constant returns to scale in the production of both commodities


5.Soru

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?


Factor-Intensity Reversal

Elasticity of substitution of factors of production.

The Specific Factors Model

Leontief Paradox

Hecskcher-Ohlin Theory


6.Soru

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


Trade surplus.

Exports.

Imports.

Balance of trade.

Trade deficit.


7.Soru

Which one below is an acquired advantage?


Ceramics of Kütahya

Coffee of Brasil

Petroleum of Saudi Arabia

Hazelnut of Turkey

Corn of the USA


8.Soru

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


It refers to the situation when the increase in the demand for a certain commod-ity is smaller than the increase in income.

It explains the condition that the increase in the demand for a certain commod-ity is greater than the increase in income.

It displays that income elasticity of demand can appear in three forms.

It refers to the circumstance when the demand for a certain commodity decreas-es while the income increases.

It postulates that countries with similar income levels have more or less identical demand preferences.


9.Soru

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


Positive economies of scale.

Non-tariff restrictions.

Pattern of trade.

Foreign exchange market.

Negative economies of scale.


10.Soru

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


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,

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,

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,

It gives the nation’s import-based capacity to export and an increase in it is a negative sign with respect to its economic

It gives the nation’s productive capacity and an increase in it is a positive sign with respect to its economic development,


11.Soru

Which of the following is an example of acquired advantage?


Saudi Arabia-Petroleum

Brazil-Coffee

Turkey-Hazelnut

Norway-Fish

Kütahya ceramics and porcelain


12.Soru

How would you define the term " Indifference curve "?


It gives the total supply of a country.

It displays the production possibilities frontier of Sunland.

It refers to an exchange, giving up a thing to get something else.

It produces at any point inside the production possibilities frontier.

It represents the total demand of a country.


13.Soru

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


There is free trade between the trading countries.

Demand preferences are different in both countries.

There is incomplete specialization in the production in both countries.

There is constant returns to scale in the production of both commodities.

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


14.Soru

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


Trade surplus.

Increase.

Income.

Decrease.

Commodity.


15.Soru

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


Transports costs

Logistic costs

Border crossing costs

Information and transaction costs

Trade restriction costs


16.Soru

"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?


Differences in Technology:

Differences in Resource Endowments

Existence of Government Policies

Existence of Economies of Scale in Production

Differences in Demand


17.Soru

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?


Product-standardization stage

New-product stage

Product-maturity stage

Product-growth stage

Product-decline stage


18.Soru

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


Income inelastic demand

Income elastic demand

Inferior goods

Product differentiation

Product cycle


19.Soru

Which choice is about " Foreign exchange rate "?


The price at which a currency is exchanged for the other currency refers to it.

Lowering the value of the national currency by the decision of the Central Bank is called devaluation.

Raising the value of the national currency by the decision of the Central Bank is referred to revaluation.

They are the accounts that give rise to the inflow of the international payments to the country.

International transactions are recorded into the balance of payments by the double-entry bookkeeping principle.


20.Soru

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?


Factor price index

Income elasticity of demand

Increasing returns to scale

Factor-intensity reversal

Unemployment rate