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İKT108U

Introductıon to Economıcs II (ENG)

Deneme Sınavı Soruları

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  1. 1

    "Fiat money..........."

    Which of the following most appropriately completes the sentence above?

  2. 2

    What is the rise in the value of one currency in terms of another currency in the flexible exchange rate system?

  3. 3
    1. It is acknowledged that economics as a science is born with the publication of the famous book of Adam Smith in 1776, entitled The Wealth of Nations.
    2. According to Adam Smith, mutually beneficial trade can take place with absolute advantage.
    3. The earliest international trade theory that proves a mutually beneficial trade is the theory of Adam Smith, namely the theory of absolute advantage.
    4. 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.

    Which of the statements above related to early trade theories are correct?

  4. 4

    If the monetary value of the production (P x Y) of an economy is 5.000 TL and the quantity of money to pay for final goods and services in this economy is 400 TL, what is the velocity of money?

  5. 5

    Which of the following changes creates a rightward shift in aggregate demand curve?

  6. 6

    Which of the following criticisms against the use of HDI is arbitrary?

  7. 7

    What are the policies which switch the total expenditure from imported commodities to domestic commodities called?

  8. 8

    Assume that the required reserve ratio is 15 percent, which of the following equals to the deposit money multiplier in this case?

  9. 9

    What is cost-push inflation?

  10. 10

    For a country, the annual GDP for this year is 850 billion and the annual GDP was 860 billion the previous year. What is the annual growth rate of this country?

  11. 11

    Which of the following terms refers to the number that represents, on average, how many times one unit of money is used for purchasing final goods and services?

  12. 12

    Which of the following is the true definition of "Aggregate demand"?

  13. 13

    If a government's aim is to realize a significant increase in production despite a
    small increase in the general price level, which of the following action should be realized?



  14. 14

    I. Autonomous tax is the part of total taxes that is independent of income.

    II. The total expenditures in the country must be equal to income.

    III. The total of consumption expenditures (C), investment expenditures (I), public expenditures (G) and expenditures of foreigners for the home grown goods, meaning that the export (EX) is equal to income.

    Which of the information above is correct?

  15. 15

    I. savings

    II. taxes

    III. spendings

    VI. imports

    Which of the following situations are considered as leakages?

  16. 16

    If the govrnment expenditure funciton is drawn as a parallel line to the horizontal axis of a figüre in which vertical and horizontal axes rperesent government expenditures and income, respectively, which of the following assumpition has been made?

  17. 17

    "When the planned expenditure is ......................... the value of current production, production will increase to meet the demand for goods and services." Which term best completes the gap in this sentence?

  18. 18

    Which of the following terms define the index value of weighted average of goods’ prices in a specified period of time?

  19. 19

    Which of the following(s) can be considered to be among the factors influential on consumption expenditures?

    I. Disposable income

    II. Wealth

    III. Expectations

    IV. Demographic factors

  20. 20

    Which of the following statement correctly defines economic growth?

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