Ünite Sınavı Soruları

The terms of trade of a country are given by the ratio of the price index of its  (1)........... to the price index of its (2)........... The ratio is usually multiplied by hundred in order to express the terms of trade in percentages.

Which one of the followings should be substituted into the blanks given above?

I. Depreciation

II. Appreciation

III. Devaluation

Which of the above listed changes could be seen in the fixed foreign Exchange rate regime?

At the autarky, which of the following statement is correct?

For a country, the ratio of the price of its export commodity to the price of its import commodity is defined as?

1. General equilibrium is determined by the implementation of two economic policies: expenditure-changing policies and expenditure-switching policies.
2. Internal equilibrium and external equilibrium is achieved by an effective implementation of the expenditure-changing and expenditure-switching policies.
3. Expenditure-switching policies are the policies which change the total expenditure in the expense of imports or domestic commodities.
4. The instruments of the expenditure-switching policies are the trade restrictions, foreign exchange controls, devaluations and revaluations. 

Which of the statements above related to expenditure-switching policies are correct?

Which of the following non-tariff restrictions can be considered as 'behind-the border restrictions'?

Which is the boundary between those combinations of commodities and services that can be produced and those that cannot?

If the full employment of economy with price stability is established at the same time what type of equilibrium is established in this economy?

Each international transaction requires the usage of at least how many different national currencies at the same time?

1. International economic transactions affect the general equilibrium of an economy.
2. The main aim of the economic policies is to attain the internal equilibrium and external equilibrium at the same time.
3. The concurrent equilibrium of the internal and external equilibrium is called general equilibrium of an economy.
4. Internal equilibrium refers to full employment with price stability.
5. External equilibrium refers to equilibrium in the balance of payments.

Which of the statements above related to international economic transactions are correct?

Which of the following is the fact that the early trade theories did not take into consideration?

1. Economies of scale exist when the cost of producing a unit of a commodity falls as its output rate increases.
2. Imperfect competition is a type of market structure showing some but not all the features of perfect competition.
3. Constant returns to scale gives a constant long run average cost of a firm as output increases.
4. Constant returns to scale occur if the percentage increase in output equals the percentage increase in inputs.
5. Increasing returns to scale occur when the percentage increase in output exceeds the percentage increase in all inputs, with given input prices.
6. Perfect competition defines the ideal and extreme type of a market structure

Which of the definitions above related to new trade theories are correct?

Which of the following is not true about "Equilibrium exchange rate, Nominal exchange rate, and Real exchange rate"?

What is the absence of international trade called?

1. General equilibrium is determined by the implementation of two economic policies: expenditure-changing policies and expenditureswitching policies.
2. Expenditure-changing policies are the fiscal and monetary policies that are used to change the volume of the total expenditure.
3. The instruments of the fiscal policy are the public expenditure and taxes.
4. On the other hand, the instruments of the monetary policy are the open market operations, reserve requirements and discount rates.

Which of the statements above related to expenditure-changing policies are correct?

If the foreign exchange rate between USA and the UK is 1.3 then how much will 10 pounds equal to in dollars?