Ünite Sınavı Soruları

"Non-tariff restriction ..........................." Which of the following most appropriately completes the sentence above?

Which of the following system use currency depreciation and currency appreciation?

1. Terms of trade is the ratio of the export price index of a county to its import price index.
2. Exchange refers to international trade.
3. Factor intensity refers to intensity of the factors of production used in the production of a certain commodity.
4. 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 definitions above related to international trade thaory are correct?

1. Foreign exchange rate is the price of one country’s currency expressed in terms of another country’s currency. It is simply referred to exchange rate.
2. Equilibrium exchange rate is the exchange rate determined by the intersection of the demand and supply curves for the foreign currency.
3. Nominal exchange rate gives the quantity of the foreign currency that can be bought by the national currency. In other words, nominal exchange rate is the price of one country’s currency expressed in terms of another country’s currency.
4. Real exchange rate is the nominal exchange rate weighted by the consumer price index of the two countries.
5. Currency depreciation is the fall in the value of one currency in terms of another currency in the flexible exchange rate system.
6. Currency appreciation is the rise in the value of one currency in terms of another currency in the flexible exchange rate system.

Which of the definitions related to international trade policy are correct?

Which of the followings is a(n) example of non-tariff restrictions imposed in the national economy?

Which of the following refers to the full employment of economy with price stability?

Which of the following is the definition of "Foreign direct investments"?

What is the main reason for economists to make a separate study of international economics within the science of economics?

1. Import the commodity in which absolute disadvantage is greater
2. Import the commodity in which absolute disadvantage is smaller
3. Export the commodity in which absolute disadvantage is smaller
4. Export the commodity in which absolute disadvantage is greater

When the theory of comparative advantage is considered, which ones above can be listed among the activities that the absolute disadvantaged country should do?

Which of the following is not true about "GATT, Uruguay Round, and WTO"?

1. Countries restrict their international trade by using restrictive trade instruments.
2. Restrictive trade instruments are examined into two groups: Tariffs and non-tariff restrictions.
3. A tariff is a tax or duty levied on the traded commodity as it crosses a national boundary.
4. A non-tariff restriction is any action other than a tariff that restricts international trade.
5. Non-tariff restrictions can be classified into three different categories: non-tariff restrictions imposed on imports, non-tariff restrictions imposed on exports:and non-tariff restrictions imposed in the national economy.

Which of the statements related to international trade policy are correct?

What can be said to be true about the balance of payments?

If a country purchase cars from another one, what can we call these cars?

Let’s assume that Sunland has an absolute advantage in both corn and wheel and according to comparative advantage approach, Sunland has comparative advantage in corn and Lakeland has comparative advantage in wheel. 

To make the statement above correct, which of the followings should be written into the blank box?

1. Balance of payments (BOP) of an economy is a summary statement of all the economic transactions made by the foreign currency.
2. Balance of payments displays the economic transactions recorded during a particular period of time which is usually a calendar year.
3. The main function of the balance of payments is to give information to the government about the international situation of the country.
4. Countries which would like to trade with a country might consult to the balance of payments of this prospective trade partner to see its international trade situation.
5. Balance of payments provides information not only to the government but also to the trade partners, banks, firms and individuals of the country.
6. Balance of payments are recorded depending upon basic principles referred to balance of payments accounting principles.

Which of the statements above related to balance of payment are correct?

Which of the following is the nominal exchange rate weighted by the consumer price index of the two countries?

What is the book that led to the birth of economics as a science?