Ünite Sınavı Soruları

"Factor intensity.............." Which of the following most appropriately completes the sentence above?

Which of the given is a non-tariff restriction imposed on imports?

1. The trade restrictions
2. Foreign exchange controls
3. Devaluations
4. Revaluations.

Which of the above are the instruments of the expenditure-switching policies?

Which of the following refers to real investments made directly to the firms, capital commodities and land?

Suppose that rental price of capital to the price of labor time is lower in Country A than in Country B. On the other hand, the ratio of the price of labor time to the rental price of capital is lower in Country B than in Country A. Which of the following is true in this case?

What is the gain of investors from international economic transactions?

Which ones below are the main accounts of the balance of payments?

When the cost of producing a unit of a commodity ........ as its output rate ........, this creates economies of scale.

The CPF(consumption possibilities frontier)of a country is at an ........ level than its PPF(production possibilities frontier) with international trade.

Which of the following is not included in balance of payments?

General equilibrium is determined by the implementation which of the two following economic policies?

I. Expenditure-changing policies,

II. expenditure-switching policies,

III. expansionary expenditure policies,

IV. Contractionary expenditure policies,

Which of the given is a non-tariff restriction imposed on exports?

Which of the following refers to autarky?

What is the capital account?

1. The standard theory of international trade does not explain the reason of the differences in the relative commodity prices in autarky.
2. The weakness of the standard theory is accomplished by the Heckscher-Ohlin theory.
3. The Heckscher-Ohlin theory explains the reason of the differences in the relative commodity prices in autarky by using the factor intensity and factor abundance.
4. Factor intensity refers to intensity of the factors of production used in the production of a certain commodity.
5. Factor abundance is the factor of production which exists in a greater proportion and with a relatively lower price in one country than the other country.

Which of the statements above related to the Hecksher-Ohlin theory are correct?

1. Autarky is the absence of international trade.
2. At the autarky, production possibilities frontier (PPF) and the consumption possibilities frontier (CPF) of a country are identical.
3. At the autarky, production and consumption points are the same and they are both on the same frontier.
4. It is impossible to consume at an outer point of the PPF.
5. International trade enables consumers to consume at a point which is outer than the PPF.
6. The CPF of a country is at an outer level than its PPF with international trade.

Which of the statements above related to the economic gains from international trade are correct?

Which of the following is the main sub-account of Capital and Financial Account?