2022–2023 Vize (Ara Sınav) Çıkmış Soruları

20 soru
Soru metinleri açık; şıklar ve cevap anahtarı uygulamada

1
Which of the following is not one of the determinants of supply?
- AProduction costs
- BPrice of the good
- CTechnology
- DMarket equilibrium
- EExpectations
2
Which of the following defines consumer surplus?
- AThe difference between the amounts that a seller is paid for good minus the cost to seller.
- BThe benefits the sellers gain from participating in market activity.
- CThe amount a buyer is willing to pay minus the amount the buyer actually pays.
- DThe amount a buyer actually pays minus the amount he is willing to pay.
- EThe loss the consumers gain from participating in market activity.
3
Which of the following is an issue for microeconomics?
- AInflation level
- BCurrent Account deficit Il
- CHow many workers to hire
- DGDP
- EInterest rates
4
Which of the following statement describes the inflation best?
- AThe rate at which economy loses its productive capacity.
- BThe rate at which the M1 money supply increases.
- CThe rate at which general price level decreases.
- DThe increase in the general price level (or overall level of prices) in the economy within a given period of time.
- EThe rate at which all the services' prices increase.
5
Among the following factors change in which one is the cause of a movement along the demand curve?
- AChange in tastes and preferences
- BChange in the price of a rival good
- CChange in the price of a complement good
- DChange in income
- EChange in price of a good
6
Which of the following is not an example of price ceiling?
- AGovernment assurance to buy all the meats at a specific price
- BIndexation of rents to the inflation rate by the government
- CDetermination of the maximum price for gasoline by the government
- DDetermination of the highest price for gold by the government
- EDetermining the minimum level for wages by the government
7
Suppose X and Y are both normal goods. "The change in consumption that results when a price change moves the consumer along an indifference curve to a point with a different marginal rate of substitution" is explained by which of the following?
- AThe substitution effect
- BThe budget effect
- CThe utility effect
- DThe income effect
- EThe marginal effect
8
While a market is in equilibrium, what happens to equilibrium price and quantity if there is a change in technology (decline) that causes a shift of the market supply curve to up to the left?
- ABoth the equilibrium price and equilibrium quantity increase.
- BThe equilibrium price increases but the equilibrium quantity decreases.
- CThe equilibrium price and equilibrium quantity do not change.
- DBoth the equilibrium price and equilibrium quantity decreases. The equilibrium price decreases but the
- Eequilibrium quantity increases.
9
Assuming that the consumer chooses between the consumption of the two goods, it is said that the Consumer's will have an optimal choice when Which of the following completes the sentence above?
- Athe marginal rate of substitution equals the relative price
- Bthe marginal rate of substitution is greater than the relative price
- Cthe marginal rate of substitution is smaller than the relative price
- Dthe marginal rate of substitution and the relative price are both equal to 1
- Ethe marginal rate of substitution and the relative price are both equal to zero
10
The production possibilities frontier is a Which of the following completes the sentence above?
- Agraph which shows the relationship between quantity of labor used to produce a given level of output
- Bgraph which shows the various combinations of resources that can be used to produce a given level of output
- Cmap which shows the frontier beyond which agriculture is unprofitable
- Dmap which shows areas of the world in which capitalist production is now possible
- Egraph that shows the various combinations of output the economy can possibly produce given the available inputss and production technology
11
Which of the following is not among the determinants of the price elasticity of demand?
- AThe availability of inputs for production.
- BWhether close substitutes are available.
- CWhether the good is necessity of luxury for the consumer. • SO
- DShare (weight) of the good's cost in the consumers' budget.
- EThe time period.
12
Suppose X and Y are both normal goods. "The change in consumption that results when a price change moves the consumer to a higher or lower indifference curve" is explained by which of the following?
- AThe income effect
- BThe utility effect
- CThe marginal effect
- DThe substitution effect
- EThe budget effect
13
Which of the following is the correct concept for describing the case that every additional unit of a consumption brings lower utility gains?
- AIndifference curve
- BLaw of demand for Giffen goods
- CLaw of diminishing returns
- DNegative budget constraint
- ELaw of constant returns
14
The market equilibrium refers to ---- Which of the following completes the sentence above?
- Aa point at which supply and demand are independent of each other
- Bthe absolute equilibrium
- Ca point where prices remain rigidly constant
- Dthe quantity-price combination where demand and supply curves meet
- Ethe welfare point where no more change will occur
15
The curved shape of the production possibilities frontier can be explained by ----. Which of the following completes the sentence above?
- Aeconomic growth
- Bincreasing cost of production r. net
- Cefficiency
- Dscarcity
- Econstant cost of production
16
How does a simultaneous increase in supply and demand affect the equilibrium price and quantity?
- AThe price increases but the quantity is uncertain
- BBoth the price and the quantity remain the same
- CThe quantity increases but the price is uncertain
- DThe quantity decreases but the price increases
- EBoth the price and the quantity decrease
17
What is the value of income elasticity for inferior goods?
- Ae > 1
- Be < -1
- Ce > 0
- D_e = 0
- Ee< O
18
An externality exists when ------. Which of the following completes the sentence above?
- Aa firm sells its product in a foreign market
- Ba person engages in an activity that influences the well-being of a bystander and yet neither pays nor receives payment for that effect
- Ca firm imports product from a foreign market
- Dmarkets are not able to reach equilibrium
- Ethe government intercedes in the operation of private markets by forcing the market to adjust to the balance of supply and demand
19
There is an exception of law of demand in case of which of the following sitiutation?
- AGoods with low price elasticity
- BGiffen goods
- CInferior goods
- DS Veblen goods
- ELuxury goods
20
When the demand is more price elastic than the supply, 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 buyers.
- DThe tax burden heavily falls on the sellers.
- EThe tax burden shared equally among the buyers, sellers and the government.

Şıkları ve doğru cevapları görIntroductıon to Economıcs I (ENG) dersinin tüm sınavları, cevap anahtarları, süreli mod ve yanlış analizi uygulamada.Uygulamada aç