AÖF Soru Bankası
İKT105U

Introductıon to Economıcs I (ENG)

2021–2022 Yaz Okulu Çıkmış Soruları

  • 20 soru
  • Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
  1. 1
    Which of the following statements is correct for the properties of indifference curves?
    • AIndiference curves are always concave
    • BIndiference curves can sometimes cross each other
    • CIndifference curves slope downward to the right
    • DIndiference curves are upward sloping
    • EMore goods are not preferable to fewer goods
  2. 2
    When the demand is unit elastic where it shows the mid-point of the linear demand curve, what can be said about the total revenue of the firm?
    • AThe total revenue is maximum when the demand is unit elastic
    • BThe total revenue is minimum when the demand is unit elastic
    • CThe total revenue is still increasing when the demand is unit elastic f.so
    • DThe total revenue is decreasing when the demand is unit elastic
    • EThe total revenue is zero when the demand is unit elastic
  3. 3
    Compared to a perfectly competitive market, a monopoly produces-----. Which of the following completes the sentence above?
    • Amore than the socially efficient quantity of output and charges a relatively lower price
    • Bsame socially efficient quantity of output and charges same price
    • Cless than the socially efficient quantity of output and charges a relatively higher price
    • Dsame amount of a deadweight loss
    • Eminimum level socially efficient quantity of output and charges highest price possible
  4. 4
    About the accounting profit and economic profit, which of the following statement is correct?
    • AAccounting profit is always smaller than the economic profit
    • BEconomic profit is always smaller than the accounting profit
    • CAccounting profit and economic profit are equal to each other
    • DIf the rents are zero then the accounting profit and economic profit are equal to each other
    • EIn case of zero implicit costs, accounting profit is smaller than the economic profit
  6. 5
    Which of the following pair are considered as the possible cause of market failure?
    • APresence of efficiency and market power,
    • BPresence of sunk costs and opportunity cost.
    • CPresence of positive externalities and negative externalities,
    • DPresence of externalities and market power,
    • EPresence of externalities and sunk costs,
  7. 6
    Which of the following determines the price in a competitive market?
    • AProducers
    • BConsumers
    • CGovernment
    • DMarket forces
    • ESocial rules
  8. 7
    An externality exists when ----. Which of the following completes the sentence above?
    • Aa person engages in an activity that influences the well-being of a bystander and yet neither pays nor receives payment for that effect
    • Ba firm imports product from a foreign market
    • Cthe government intercedes in the operation of private markets by forcing the market to adjust to the balance of supply and demand
    • Dmarkets are not able to reach equilibrium
    • Ea firm sells its product in a foreign market
  9. 8
    Which of the following is the correct way of calculating average product of labor?
    • ATR/L
    • BP/L
    • CQ/L
    • DP*Q
    • EL*Q
  11. 9
    Producer surplus is the Which of the following completes the sentence above?
    • Aarea under the supply curve to the left of the amount sold
    • Bamount a seller is paid less the cost of production
    • Camount represented by the area under the supply curve
    • Dcost to sellers of participating in a market
    • Eprofit to sellers of participating in a market
  12. 10
    For the inferior goods, which of the following statement is true?
    • AAn increase in household's income causes a movement along the demand curve
    • BWhen income reaches a certain level, the demand for the inferior good will become infinite
    • CAn increase in household's income causes the demand curve of the good to shift right
    • DIf income increases, the demand curve for the inferior good will shift down to the left
    • EAn increase in price of the good causes the demand curve of the good to shift right
  13. 11
    Which of the statement below is correct about trade (regardless of whether it is domestic or international)?
    • ATrade makes all participants better off and it is a positive-sum game,
    • BTrade makes only the buyers better off and it is a zero sum-game,
    • CTrade creates winners and losers all the time and as a result it is a zero sum-game.
    • DTrade makes only the sellers better off and it is a zero sum-game,
    • ETrade makes all participants equally better off and it is a positive-sum game,
  14. 12
    In monopolistic competition, we have ---- Which of the following completes the sentence above?
    • Afew firms selling a differentiated product
    • Bmany firms selling a homogeneous product
    • Cfew firms selling a homogeneous product
    • Dmany firms selling a differentiated product
    • Esingle firm selling differentiated products
  16. 13
    When total utility increases, marginal utility is Which of the following completes the sentence above?
    • Apositive and increasing
    • Bzero
    • Cpositive and declining
    • Dnegative and increasing
    • Enegative and declining
  17. 14
    In a competitive market which of the followings is determined by the supply and demand of loanable funds?
    • AInflation level
    • BInterest rates
    • CRents i
    • DLabor input
    • EUnemployment
  18. 15
    In drawing a farmer's supply curve for a commodity, all but which one of the following is not kept constant?
    • AFeatures of nature such as climate and weather conditions Expectations of producers about the future
    • Bstate of economy
    • CThe prices of inputs
    • DTechnology
    • EThe price of the product under consideration
  19. 16
    When the supply is more price elastic than the demand, how is the burden of tax shared?
    • AThe tax burden shared equally buyers and sellers
    • BThe tax burden heavily falls on government
    • CThe tax burden heavily falls on the sellers
    • DThe tax burden shared equally among the buyers, sellers and the government
    • EThe tax burden heavily falls on the buyers
  21. 17
    Which of the following is the difference between income and consumption?
    • ACost
    • BSaving
    • CRevenue
    • DPrice
    • EInvestment
  22. 18
    While a market, say a housing market, is in equilibrium, what will be the effect of a binding price ceiling policy on this market equilibrium?
    • AIt results with the right shift of the demand curve
    • BIt results with the left shift of the supply curve
    • CIt causes a movement along the demand curve
    • DIt results with excess supply for the good or service
    • EIt results with excess demand for the good or service
  23. 19
    About the relationship between marginal and total utility curves, which of the following is correct?
    • AThe total utility still increases at increasing rate as long as the marginal utility is positive
    • BThe total utility will decline only if the marginal utility is positive
    • CThe total utility and the marginal utility are always positive
    • DThe total utility is at maximum if the marginal utility is negative
    • EThe total utility still increases at decreasing rate as long as the marginal utility is positive
  24. 20
    What is the rule of profit maximization for all types of markets?
    • AMarginal revenue = Marginal cost
    • BMarginal revenue = Average revenue
    • CMarginal revenue = Price
    • DMarginal revenue = Average cost
    • EMarginal revenue = Marginal productivity of labor
Şıkları ve doğru cevapları görIntroductıon to Economıcs I (ENG) dersinin tüm sınavları, cevap anahtarları, süreli mod ve yanlış analizi uygulamada.Uygulamada aç