Introductıon to Economıcs II (ENG)
2021–2022 Yaz Okulu Çıkmış Soruları
- 20 soru
- Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
- 1I. Fiat money is the object which has no value as a good but has a value in purchasing goods and services. Il. Fiat money is the same form in every country. IlI. Today, fiat money forms the basis of the monetary system in many countries. Which of the following is true about fiat money?
- AOnly l
- BOnly lI
- COnly III
- DIand Il
- Eland I|l
- 2Which of the following is a non-tariff restrictions imposed on exports?
- AImport quotas
- BVoluntary export restraints
- CBehind-the border restrictions
- DProduct standards
- ESanitary and phyto-sanitary standards
- 3Which of the following is a measure of how quickly capital goods are growing in a country?
- AGross investments
- BNet investments
- CSpending on new buildings
- DStock changes
- EAmortizations
- 4Which of the following will not affect the expected profitability of investments?
- AValue of the wealth
- BEntry of new firms into the market
- CGeneral economic conditions in the country and the world
- DNewly enacted laws
- ETax advantages provided by the government
- 5I. The theory of absolute advantage postulates that if a country produces only the commodity that it can produce most efficiently and exchanges part of its output for the other commodities it demands, it would maximize its total output and welfare of its individuals. Il. The earliest international trade theory that proves a mutually beneficial trade is the theory of Adam Smith, namely the theory of absolute advantage. Ill. The theory of absolute advantage states that the way for a country to become powerful and rich is to export more but import less, such a policy entails a protectionist trade policy. Which of the above is true about the theory of absolute advantage?
- AOnly l
- BOnly lI
- CI and il
- Dland Ill
- EIl and I|l
- 6Which of the following growth models includes human capital formation as a source for economic growth?
- AHarrod-Domar model
- BE Endogenous growth models l
- CSolow model
- DAugmented Solow model
- EBernanke model
- 7Which of the following is not related to Contractionary fiscal policy?
- AThis will pull down aggregate expenditure function and level of equilibrium income.
- BThe government may increase the taxes.
- CBy changing tax laws government makes it hard for companies to invest.
- DGovernment may cut public expenditures.
- EThe government doesn't need to adopt policies decreasing aggregate spending or increasing taxes or applying both measures.
- 8Government expenditures are included in the aggregate expenditure b function with the assumption that they are -----. Which of the following completes the sentence above?
- Aexport volume
- Bnegative
- Cnet export
- Dautonomous
- Epositive
- 9If the government increases public expenditure by 100 TL and finances it all by raising taxes, what will be the change in GDP?
- A100 TL increase
- B100 TL decrease
- C200 TL increase
- D200 TL decrease
- EGDP does not change
- 10Which of the following is an income tax system in which the tax rate applied increases as the income bracket increases?
- AFlat rate
- BVariable rate
- CProgressive
- DSpecific
- EAutonomous
- 11Which of the following is the expenditure gap that occurs when an economy is in equilibrium below the full employment income level?
- AInflationary gap
- BE Disinflationary gap
- CDeflationary gap
- DTwin deficit
- ECurrent deficit
- 12" It is the ratio of the value of a basket of goods and services with current prices to the value of the same basket with the base year's prices. " Which of the following is correct for the sentence above?
- AIndirect tax
- BExport volume
- CPrice index
- DReal GDP
- ENet export
- 13Which of the following is one of the types of injections for income expenditure model?
- AAutonomous components
- BIncome expenditures
- CAutonomous consumption expenditures
- DS Government expenditures
- EAutonomous imports
- 14What is the total amount of goods and services demanded at various price levels in an economy?
- AAggregate demand
- BOutput
- CEconomic Growth
- DE Equilibrium Price Level
- EAggregate supply
- 15If the real and nominal GDP growth rates in a country are equal, which of the following can be said about the course of prices in this economy compared to the previous year?
- ARemained constant
- BDecreased
- CVery rapidly increased
- DVery rapidly decreased
- EIncreased
- 16Investment • Income According to the graph above, which of the following is the assumption made regarding investment expenditures?
- AInvestment expenditures are not affected by capacity utilization
- BInvestment expenditures are not affected by technological developments
- CInvestment expenditures are constant
- DInvestment expenditures are not affected by the interest rate
- EInvestment expenditures are independent of income
- 17Which of the following is true about the effects of economic policies on aggregate demand (AD) curve?
- AContractionary monetary policy shifts AD curve to the right.
- BExpansionary monetary policy shifts AD curve to the right.
- CEconomic policies have no effect on the AD curve.
- DExpansionary fiscal policy shifts AD curve to the left.
- EContractionary fiscal policy shifts AD curve to the right.
- 18I. Commodity money is the object which has both a value as a good and a medium of exchange. Il. The best example of commodity money is gold. Ill. Today, commodity money forms the basis of the monetary system in many countries. Which of the following true about commodity money? B) Only I A) Only l C) Only III D) I and Il E) I and I|l
- 19Which of the following is the macroeconomic equilibrium condition in an economic environment where the public sector budget balance and foreign trade balance are provided?
- ASavings = Deposits
- BInterest rate = Exchange rate
- CInvestments = Export
- DSavings = Investments
- EInvestments = Budget deficit = Foreign Trade Deficit
- 20According to Solow growth model, what is the key factor in the long-run economic growth?
- APopulation increase
- BLevel of technology
- CExport volume
- DAggregate expenditures
- EProductivity improvement