AÖF Soru Bankası
İKT105U

Introductıon to Economıcs I (ENG)

2020–2021 Yaz Okulu Çıkmış Soruları

  • 20 soru
  • Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
  1. 1
    "A student who chooses to prepare for an economics exam on a certain night may be giving up some sleeping hours or her/his chances of preparing for a math exam." Which of the following concepts is explained with the example above?
    • AOpportunity cost
    • BExternality
    • CScarcity
    • DProductiviy
    • EEfficiency
  2. 2
    Profit maximizing level of output for a monopolist is the output level where the Which of the following completes the sentence above?
    • AP > MR = MC
    • BP = MR = MC S
    • CP > MR > MC
    • DP < MR > MC
    • EP < MR < MC
  3. 3
    Which of the following refers to the characteristics of positive statements?
    • AArgentina should decrease the inflation rates to amend expensive life conditions
    • BGreece should decrease expenses to get out of current crisis
    • CThe world economy has been shrinking because of serious crisis emerging
    • DEuropean countries should create more jobs to enhance the standards of living
    • EEconomic welfare should be enhanced in all the middle-east countries
  4. 4
    Which of the following statements is true about an inferior good?
    • AAn increase in income increases the consumption of the good.
    • BInferior goods have not better quality alternatives.
    • CThe average consumer chooses not to consume.
    • DAn increase in income decreases the consumption of the good.
    • EThe good is equally valued by all consumers.
  6. 5
    Except the first unit of its output, the price that the monopoly charges-----. Which of the following completes the sentence above?
    • Ais always less than the marginal revenue and its average revenue
    • Bis always equal to the marginal revenue and its average revenue
    • Cis always greater than the marginal revenue and its average revenue
    • Dis always less than the marginal revenue and always equal to its average revenue
    • Eis always greater than the marginal revenue and always equal to its average revenue
  7. 6
    Which of the following happens in a case of equilibrium?
    • ABoth the price and supply of a product decrease.
    • BThe supply and demand equals to each other.
    • CPrice of a certain product keeps rising.
    • DThe supply of a product decreases.
    • EThere will be excess demand of a product.
  8. 7
    Which of the following is the marginal product of labor?
    • AIncrease in cost obtained from a one unit increase in labor.
    • BIncrease in output obtained from a one unit increase in labor.
    • CIncrease in labor necessary to generate a one unit increase in output.
    • DIncremental profit associated with a one unit lof. increase in labor.
    • EThe incremental cost associated with a one unit increase in labor.
  9. 8
    Which of the following explains that the demand for a good is elastic?
    • AThe percentage change in quantity supplied is greater than the percentage change in price.
    • BThe percentage change in quantity supplied is smaller than the percentage change in price.
    • CThe percentage change in quantity demanded is equal the percentage change in price.
    • DThe percentage change in quantity demanded is greater than the percentage change in price.
    • EThe percentage change in quantity demanded is smaller than the percentage change in price.
  11. 9
    When total utility increases, marginal utility is Which of the following completes the sentence above?
    • Anegative and increasing
    • Bzero
    • Cnegative and declining
    • DE positive and declining
    • Epositive and increasing
  12. 10
    Which of the following refers to the market structure with only one producer/seller of a good and it does not act as a price taker but as a price setter?
    • AMonopolistic competition
    • BMonopoly
    • CPerfect competition
    • DOligopoly
    • ENash Equilibrium
  13. 11
    Which of the following is an example for substitute goods?
    • ATea and sugar
    • BMobile phone and charger
    • CCar and petrol
    • DS Pen and notebook
    • EChicken and beef
  14. 12
    Which of the following is not a determinant of price elasticity of demand?
    • ATime period
    • BWeight of the good's cost in the consumers' budget
    • CAvailability of inputs for production
    • DThe good is a necessity or a luxury good for the consumers
    • EAvailability of close substitutes
  16. 13
    Which of the following refers to a situation in which production meets consumer preferences?
    • ANash equilibrium
    • BProfit maximization
    • CAllocative efficiency
    • DMarket equilibrium Г.1)
    • ES Production efficiency
  17. 14
    Which of the following cannot be pointed out as a land resource in economics?
    • ARent
    • BForests
    • CNatural Gas
    • DOil
    • EMines
  18. 15
    The MRPL function shows how much labor the firm would hire for different levels of wage. In that sense the MRPL function serves as the ----. Which of the following completes the sentence above?
    • Alabor demand curve for a firm
    • Bproduction function curve for a firm
    • Clabor supply curve for a firm
    • Dmarginal profit curve for a firm
    • Eeffective labor demand curve for the market
  19. 16
    Which of the following statement is not correct for the explicit costs?
    • Athey are direct expenditures or price paid plainly for a Project from an accountant's perpective.
    • Bthey are costs a firm incurs when it gives up the next best alternative action or project
    • Cthese costs are sometimes referred to as accounting costs
    • Dthey involve direct monetary movements.
    • Ethet comprise of wages, the cost of raw materials, interest payments, transportation, etc.
  21. 17
    The price elasticity of demand measures-...- Which of the following completes the sentence above?
    • Athe responsiveness of quantity supplied of a good to a change in price
    • Bhow much the quantity demanded of one good responds to a change in the price of another good
    • Cthe responsiveness of demand to income changes
    • Dthe price insensitivity of consumers
    • Ehow much the quantity demanded of a good change when there is a change in the price of that good
  22. 18
    The equilibrium interest rate is determined in the Which of the following completes the sentence above?
    • AMoney market by the central bank/s
    • Bgoods market
    • Clabor market
    • DS loanable funds market
    • Ecapital market
  23. 19
    If P exceeds AVC but is smaller than AC at the best level of output, the firm is--. Which of the following completes the sentence above?
    • Amaking a profit
    • Bincurring a loss and should stop producing immediately
    • Cmaking a maximum profit
    • Dbreaking even
    • Eincurring a loss but should continue to produce in the short run
  24. 20
    "The inability of the market to allocate society's scarce resources efficiently to the best uses" is identified by -- Which of the following completes the sentence above?
    • Ascarcity
    • Befficiency
    • Cmarket failure
    • Dmarket power
    • Eopportunity cost
Şıkları ve doğru cevapları görIntroductıon to Economıcs I (ENG) dersinin tüm sınavları, cevap anahtarları, süreli mod ve yanlış analizi uygulamada.Uygulamada aç