Introduction to Economics 2 Final 1. Deneme Sınavı

Toplam 20 Soru
PAYLAŞ:

1.Soru

What is another name for production stability?


Expenditure

 

Inflation

 

Stagflation

 

One-time price increase

Output stability


2.Soru

In which choice the terms of definitions are correctly matched?

I. inflation caused by aggregate demand increases

II. inflation that occurs as a result of increase in output costs


I. Stagflation, II. Cost-push inflation

I. Cost-push inflation, II. Stagflation

I. Demand-pull inflation, II. Cost-push inflation

I. Cost-push inflation, II. Demand-pull inflation

I. Demand-pull inflation, II. Stagflation


3.Soru

Which of the following models relates economic growth to the nation’s savings rate?


The Solow Growth Model

 

The Harrod-Domar model

 

Endogenous Growth Model

 

Standard Equilibrium Growth Model

Proximate Growth Model


4.Soru

Which of the following is the effect of an expansionary monetary policy on prices and production?


P↑ and Y↑

 

P↑ and Y↓

 

P↓ and Y↑

 

P↓ and Y↓

P↓ and Y does not change


5.Soru

Which one of the following is not true about economic growth?


It is the percentage increase in the gross domestic product of nation from a period to another period of time.

 

The time period is taken as quarterly, semi-annually and annually in the calculations of the changes in economic activity.

 

It is the percentage change in GDP of a country from a year to another year.

 

The economic growth can be positive only.

If the change in GDP from a year to another year is positive, there is an economic expansion.


6.Soru

The period when there is no international trade is called _______.


production possibilities frontier

 

specialization

 

autarky

 

consumption possibilities frontier

commodities


7.Soru

Which of the following options gives the measurement of aggregate demand?


Average cost

Marginal cost

Real GDP

Real inflation

Nominal interest rate


8.Soru

What is “fiat money”?


The object which has no value as a good

 

The object which has no value as a good but has a value in purchasing goods and services

 

The object which has a value in purchasing goods and services

 

The object which has a value as a good

The object which has a value as a medium of exchange


9.Soru

_____ is the change in output produced that results in one unit increase (change) in the capital stock.


Real GDP

 

Nominal GDP

 

Production function

 

The marginal product of labor

The marginal product of capital


10.Soru

Which one of the following is not one of the factors affecting increase in aggregate supply?


Decrease in input prices

 

Low wage level

 

Economic growth

 

Favorable weather conditions

Increase in fees


11.Soru

What is the factor that causes the decrease of the production amount when the general level of prices increases in the economy?


Money demand

 

Money supply

 

Interest rate

 

Equilibrium price level

Stagnation


12.Soru

Which of the following is the main reason for the continuing inflation of an economy?


Decrease in interest rate

 

Increase in money supply

 

Variability in the capacity utilization rate

 

Variability in unemployment rate

Decrease in the openness of the economy


13.Soru

Which of the following options is used to obtain the aggregate demand curve?


Marginal cost level- average cost level

Total cost-production level

Average cost level- production level

General price level- marginal cost level

General price level-production level


14.Soru

Which of the following is the reason for aggregate demand to shift?

 


Changes in the international trade terms

Changes in the money supply

Changes in the marginal cost

Changes in the export

Changes in the total cost


15.Soru

Which of the following is not true about the aggregate demand curve shifting to the right?


Aggregate demand increases

 

Government expenditure increases

 

Money supply increases

 

Taxes decrease

Public spending decreases


16.Soru

Which of the following is not the components of a country’s financial system?


Interests

 

Savers

 

Investors

 

Central bank

Banks


17.Soru

Which of the following is an example of commodity money?


Gold

 

Tobacco

 

Clothes

 

Whale teeth

Bread


18.Soru

“_____ is the situation in which the general price level in the economy either changes very slowly or does not change at all.”


Production stability

 

Price stability

 

Inflation

 

Stagflation

Investment deficit


19.Soru

Of the functions of Money, which one of the following is not about “medium of exchange”?


Being a measurement unit in quantifying the value of goods and services

 

Simplifying and accelerating exchange process of goods and services

 

Ensuring to keep purchasing power on hand

 

Contributing to ensure and increase the efficiency in economy

Being closely related with the prices of goods and services in the country


20.Soru

What is is the boundary between those combinations of commodities and services that can be produced and those that cannot?


Production possibilities frontier

 

Consumption possibilities frontier

 

Terms of trade

 

Theory of absolute advantage

Heckscher-Ohlin theory