Ünite Sınavı Soruları

Which one of the following explains a country’s amount of imports that it gets per unit of domestic factors of production used in its exports in a specified period?

Why is it more realistic for a country to have increasing opportunity costs in production than constant costs?

Which one of the following is determined by the absolute slope of the indifference curve at the point of choice?

Which one of the following refers to international trade gains when a country specializes in the commodity, providing comparative advantage?

Which one of the following refers to isolation or closed economy characterized by the absence of foreign trade?

Which one of the following is simply the relative commodity price in which international trade takes place?

The situation where a country specializes in the production of the commodity in which it has a comparative advantage while it also continues to produce a relatively small amount of the commodity in which it has a comparative disadvantage is called ..........?

Which one of the following represents the composition of international trade at a relative commodity price?

I- It leaves the demand aside.

II- It accepts the constant production costs.

III- The labor theory of value is the strongest assumption it has.

Considering the above statements, which of the following is correct in terms of the weaknesses of the Classical Trade Theory? 

If a Country's export price index decreases 40 percent and import price index increases 20 percent, what is the commodity terms of trade?