2017–2018 Vize (Ara Sınav) Çıkmış Soruları

Scarcity refers to ----. Which of the following completes the sentence above? A) the society's inability to produce the goods and services B) the society's ability to produce all the goods and services equal to the society's desires C) the society's inability to produce all the goods and services that people desire to have D) the shortage of production of the goods and services E) the society's ability to produce all the goods and services equal to the society's needs

Thinking at the margin principle indicates that the rational decision makers take an action if and only if ---- Which of the following completes the sentence above? A) the marginal benefit of the action is greater than the marginal cost B) the average benefit of the action is greater than the average cost C) the marginal benefit of the action is smaller than the marginal cost D) the total benefit of the action is greater than the total cost E) the marginal benefit of the action is equal to the marginal cost

1. A positive change in technology Il. A tall in labor force III. Purchasing a new machine. IV. A worse than expected weather condition that harms the inputs of production Which of the above statements causes a shift to the right in the country's production possibility frontier? A) I and i aot.sorular. B) I and III C) II and III D) 1, Ill and IV E) II, Ill and IV

Under the ceteris paribus condition, which of the development causes a shift of the individual supply curve to the left? A) A decrease in expected future prices of the good that firm sells B) An increase in production technology C) An increase in expected future prices of the good that firm sells D) A decrease in the price of the good that firm sells E) A decrease in input prices

Which of the pair listed below is considered as the cause of market failure? A) Presence of efficiency and market power B) Presence of externalities and opportunity cost C) Presence of externalities and market power D) Presence of externalities and perfect competition E) Presence of efficiency and opportunity cost

If the Production Possibilities Frontier (PPF) curve, showing goods X and Y production) is concave to the origin or bowed outward, that means (implies) that, ---_ Which of the following completes the sentence above? A) the inputs used in the production of goods and Y are perfectly substitutable B) the PPF curve is linear and slope of the curve is constant C) opportunity cost of increasing good X production in terms of good Y decreases D) opportunity cost of increasing good X of. production in terms of good Y is constant E) opportunity cost of increasing good X production in terms of good Y increases

While a market is in equilibrium, what happens to equilibrium price and quantity if there is a change in income that causes a shift of the market demand curve to the right? A) Both the equilibrium price and equilibrium quantity increases. B) The equilibrium price decreases but the equilibrium quantity increases. C) Both the equilibrium price and equilibrium quantity decreases. D) The equilibrium price and equilibrium quantity do not change. E) The equilibrium price increases but the equilibrium quantity decreases.

Which of the following factor is not counted among the requirements that a market is called perfectly competitive? A) The good or service is exchanged is differentiated across all sellers B) There are many buyers and sellers so that the effect of each one on market price is negligible. C) The good or service is exchanged is the same across all sellers D) Entry of new sellers into market is not restricted by any means. E) Buyers and sellers readily and freely have access to information with regards to prices.

Which of the following statement is true for the inferior goods? A) An increase in household's income causes the demand curve of the good to shift left. B) An increase in price of the good causes the demand curve of the good to shift left. C) An increase in household's income causes the demand curve of the good to shift right. D) An increase in price of the good causes the demand curve of the good to shift right. An increase in household's income causes a movement along the demand curve.

What will be the effect of a price ceiling policy application to the market equilibrium? A) It causes a movement along the demand curve. B) It results with the right shift of the demand curve. C) It results with excess supply for the good or service. D) It results with excess demand for the good or service. E) It results with the left shift of the supply curve.

Which of the following statements is true when the percentage change in quantity demanded is smaller than the percentage change in price? A) Demand curve is positively sloped. B) Demand curve is inelastic. C) Demand curve is elastic orular.net D) Demand curve is horizontal. E) Demand curve is vertical.

What is the shape of the indifference curve if the two goods are perfect complements with each other? A) U shaped B) Straight line C) Convex to the origin D) Concave to the origin E) L shaped

Which of the following statements is true for the properties of indifference curves? A) Indifference curves are upward sloping B) Indifference curves can cross each other C) More goods are not preferable to fewer goods D) Indifference curves are everywhere dense E) Indifference curves are always concave.

1. The higher the availability of inputs for production II. The importance of being unimportant III. The time horizon IV. Availability of close substitutes Which of the above statements determines the price elasticity of supply? A) I and I| B) I and III C) II and III D) Il and IV E) III and IV

Suppose that the price of good X is $4 a unit and the price of Y is $10 a unit and consumer income is $200. Which of the following equation represents the budget line? A) Y=10-2/5 X B) Y=20-2/5 X C) Y=30-2/5 X D) Y=20-5/2 X E) Y=30-5/2 X

Suppose that initial price of hamburger is $4, the quantity demanded of hamburger is 60. When the price of hamburger is $2, the quantity demanded of hamburger is 80. According to above example, calculate the price elasticity of demand by using the mid-point method? A) -0.12 B) -0.22 C) -0.32 D) -0.42 E) -0.52

What is the value of price elasticity of demand if the demand curve is vertical? A) Positive infinity B) Negative infinity C) - 1 D) -2 E) 0

1 The price of one good increases Il. The price of one good decreases III. An increase in income IV. The price decrease of the two goods that keeps relative price intact. Under the ceteris-paribus condition, which of the above statements causes a budget line to shift parallel to the right? A) land il B) I and I! C) I and i| D) Il and IV E) III and IV

How a pair of goods are called if the price of one decreases, the demand for the other will decrease also? A) Normal Goods B) Giffen Goods aof.so C) Inferior Goods rular.net D) Perfectly Substitute Goods E) Perfect Complement Goods

Which of the following goods have a negative cross-price elasticity of demand? A) Normal goods C) Complementary goods Sorular net B) Luxury goods D) Substitute goods E) Giffen goods