Ünite Sınavı Soruları

Which of the following is one of the expenditure switching policies?

What is import?

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

Which of the following is also known as the 'budget line'?

Which of the following is the summary statement of all economic transactions made by a foreign currency?

Which of the following is equal to CPF (consumption possibilities frontier) at the autarky?

1. The theories which are proved after the Heckscher-Ohlin theory are known as the new trade theories.
2. The new trade theories are the theories that compensate the weaknesses of the previous ones and explain the international trade in a more realistic way.
3. The new trade theories base a great deal of international trade flows on differences in the development and spread of new technologies among the countries, economies of scale and imperfect competition.
4. Early trade theories assume that the trading countries use the same technology in production.
5. New trade theories are improved so as to explain international trade which depends on the technology differences among countries.
6. One of the assumptions of the early trade theories is that there is constant returns to scale in production.
7. New trade theories examine the effects of increasing returns to scale, or in other words, the positive economies of scale on international trade.

Which of the statements related to the comparison of the early trade theories and new trade theories are correct?

1. Production possibilities frontier (PPF) is the boundary between those combinations of commodities and services that can be produced and those that cannot.
2. Consumption possibilities frontier (CPF) is also referred to budget line.
3. CPF or the budget line describes the limits to the consumption choices of a household.
4. In international economics, CPF defines the consumption choices of a country under the given relative prices.

Which of the statements above related to Production possibilities frontier (PPF) and Consumption possibilities frontier (CPF) are correct?

Who is known as the founder for the theory of absolute advantage?

Which of the following is the price of one country’s currency expressed in terms of another country’s currency?

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?

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

• Health standards,

• sanitary and phyto-sanitary standards,

• environmental standards,

• labor standards,

• product standards,

• production subsidies,

• internal charges, etc
  Above standards belong to which restrictive trade instruments? 

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?

What is the difference between the nominal exchange rate and the real exchange rate?

Which is the following describe the limits to the consumption choices of a household?

If the nominal exchange rate between USA and the UK is 1.3 and the consumer price index is 2.6 for the UK and 2 for USA what is the real exchange rate for USA?

Which of the following refers to the policies which switch the total expenditure
from imported commodities to domestic commodities or vice versa?

Which of the following is known as is a tax or a duty levied on the traded
commodity as it crosses a national boundary?