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Introductıon to Economıcs II (ENG)

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  1. 1

    I. Serving as a Unit of Account

    II. Serving as a Tool in Barter

    III. Serving as a Store of Value

    Which of the given are considered among the functions of money?

  2. 2

    Which of the following may occur as a result of an increase in taxes?

  3. 3

    Which of the following is false according to the table above?

  4. 4

     When required reserve ratio is 20 percent, calculate the simple deposit money multiplier.

  5. 5

    I. Economic units exchange goods and services on hand with money, and use this money to buy goods and services they want. 

    II. Barter is the exchange of goods or services for another by using any medium of exchange.

    III. Money, as a unit of account, is a common measurement unit in quantifying the value of goods and services.

    What can be said to be true about the function of money?

  6. 6

    What money demand is an example of withdrawing money from a cash machine to shop?

  7. 7

    M3 monetary aggregate consist of which of the following items in the definition of CBRT?

  8. 8

    "Near money................."

    Which of the following most appropriately completes the sentence above?

  9. 9

    Which of the following is the inflation that occurs as a result of an increase in input costs?

  10. 10

    I. General Equilibrium refers to the situation of concurrent equilibrium of the internal and external balance of an economy.

    II. The main aim of the economic policies is to attain the internal equilibrium and external equilibrium at the same time. 

    III. Expenditure-switching policies are the fiscal and monetary policies that change the volume of the total expenditure.

    What can be said to be true about general equilibrium?

  11. 11

    I. Traditional trade restriction aims are protecting domestic producers and collecting revenue to the treasury.

    II. Restrictive trade instruments are tariffs and non-tariff restrictions.

    III. Non-tariff restrictions are tax or duty levied on the traded commodity as it crosses a national boundary.

    What can be said to be true about trade restrictions?

  12. 12

    What is the quantity of money that economic agents want to hold with the intent of defraying unforeseen expenses?

  13. 13

    What is the nominal exchange rate weighted by the consumer price index of the two countries called?

  14. 14

    According to Keynes, equilibrium income can be achieved at the level of underemployment or overemployment, and he asserts that the level of income depends on?

  15. 15

    Which of the following is the economic theory that relates the wealth of a society and a government to precious metal stock of the country?

  16. 16

    When the interest rate increases, which of the following would you expect to occur?

  17. 17

    If an increase of 30 billion TL in government expenditures causes an income increase of 45 billion TL in the economy, what is the value of multiplier?

  18. 18

    Which of the following terms refers to the excess of expenditures when the economy is in equilibrium above the full employment level of income?

  19. 19

    Which of the following refers to the portion of consumption expenditures that is independent of income?

  20. 20

    Which of the following correctly completes the sentence below?

    " Expansionary fiscal policy ................................................. ".

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