Ünite Sınavı Soruları

Who is the founder of neoclassical theory of general equilibrium?

Which dot in the figure above shows a feasible but combination of X and Y?

PPT shows how big a drop in the production of Y is required to increase production of X by one unit.

What does PPT refer to?

Which of the following states that the value of excess demands in all markets in the model always adds up to zero?

The (simplified) general equilibrium framework is useful for showing the efficiency of general competitive equilibrium or in a broader sense, the overall efficiency of perfect _____________.

Which of the following does the figure above describe?

Which of the following statements is true about point E in the figure above?

Choose the option that completes the following sentence correctly.

"There are infinitely many tangency points between –invisible– isoquants that lie in the interval between A and B. The allocations that correspond to points of tangency between isoquants within this interval are called .......... allocations."

Many products compete for shares in the _____________budgets of households that need or desire to consume them, even if they are not substitutes or complements in the conventional sense.

Which of the following corresponds to the efficient allocation of all available resources in which it is not possible to increase the output of one good without reducing the output of another?

Choose the option that completes the following statement correctly.

"A commonly used method of analysis in economics is ........... It is based on comparison of the equilibrium values of the endogenous variables in the model before and after an exogenous shock for the purpose of measuring the changes resulting from that shock."

Which of the following equations represents Walras' Law?

“It is the good that is chosen as the unit of measurement. All nominal values in a general equilibrium model can be expressed in terms of that good by dividing each of the other prices by its price”.

Which term is explained by the above sentences?

Which of the following is a very useful and commonly used method of analysis in economics?

What can be said to combinations inside the  production possibilities frontier?

Choose the option that completes the following sentence correctly.

".......... equilibrium framework describes how a market for a particular good is cleared through price movements."

1. It is the negative of the slope of production possibilities frontier.
2. It shows how big a drop in the production of Y is required to increase production of X by one unit.
3. It measures the opportunity cost of increasing the output of one good in terms of the other good.

Which of the above is/are true regarding marginal rate of product transformation ?

 The state of simultaneous clearance of all goods and factor markets at a certain set of prices is called _____________________.

Which term is explained by the above sentences?

There are infinitely many tangency points between –invisible– isoquants that lie in the interval between A and B.

What is the name of allocations that correspond to points of tangency between isoquants within this interval?

The state of simultaneous clearance of all goods and factor markets at a certain set of prices is called .............

Which of the following completes the sentence above?