Deneme Sınavı Soruları

In the real world, we deal with a number of countries and a variety of commodities produced with more than two commodities.

In the real world, it is not that easy to identify factor endowments of the countries.

In our world today, countries use different levels of technology and this difference itself constitutes the basis of their comparative advantage.

In our world today, most of the countries have been seeking to enjoy increasing returns to scale in international trade.

In the real world, it is really very hard to assume that international trade is free.

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It is producing a commodity slightly different from the commodity produced by the competitor.

It refers to the same amount of output increase with the increase within the factors of production.

It exists when the increase in the output is proportionally more than the increase in the input.

It refers to a reduction in the average cost of a firm in conjunction with the increase within the size of the industry.

It refers to a reduction in the average cost of a firm that is peculiar to the increase within the scale of the firm itself.

Increasing returns to scale

Factor-intensity reversal

Factor price index

Unemployment rate

Aims of trade restrictions

Demand preferences might differ in both countries

There is perfect competition in the commodities and the factor markets in both countries

There is free movement of factors of production within each country but no free movement of factors of production between countries

There is free trade between the trading countries

There is full employment in all resources in both trading countries

Only II

Only III

I and II

II and III

I, II and III

the difference between total imports and total exports,

when total imports and total exports are equal to eachother,

If total imports are more than the total exports within an economy,

when total exports exceed total imports,

gives the total amount of imports and exports.

Price line

Budget line

Indifference curve

Trade triangle

Production possibilities frontier

Comparative advantage

Homogeneous

Heterogeneous

Large scale production

Labor productivity

It gives the nation’s export-based capacity to import and an increase in it is a negative sign with respect to its economic development,

It gives the nation’s export-based capacity to import and an increase in it is a positive sign with respect to its economic development,

It gives the nation’s import-based capacity to export and an increase in it is a positive sign with respect to its economic development,

It gives the nation’s import-based capacity to export and an increase in it is a negative sign with respect to its economic

It gives the nation’s productive capacity and an increase in it is a positive sign with respect to its economic development,

Countries should specialise in producing goods where they have a lower opportunity cost.

Countries should specialise in producing goods where they have an absolute advantage.

Countries should trade with countries for goods which they have a higher opportunity cost.

Countries should trade with countries which have certain goods that do not exist in themselves. 

Countries should import goods where they have a lower opportunity cost.

to increase the gold stock,

to increase the terms of trade,

to have absolute advantage in trade

to increase marginal labor productivity

to have Current Account (CA) supluss

When the demand for a certain commodity decreases while the income increases.

When the demand for a certain commodity increases while the income increases.

When the demand for a certain commodity decreases while the income decreases.

When the increase in the demand for a certain commodity is smaller than the increase in income.

When the increase in the demand for a certain commodity is greater than the increase in income.

trade deficit

trade surplus

balance of trade

volume of trade

barter

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II-III-I-V-IV

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III-IV-V-I-II

III-V-II-I-IV

Books

drawings of a new machine

paintings

films

brand names

Autarky

Opportunity costs

Offer curve

Neomercantilist

Homogeneous

They do not reject the Heckscher-Ohlin Theory.

There are dynamic technological differences between trading countries.

They use different levels of technology.

They decrease the cost of a unit of commodity while its output rate increasing.

They take the dynamic technological differences and their effects on internatio-nal trade into consideration.

Volume of trade

Balance of trade

Terms of trade

Income terms of trade

National trade

Theory of Absolute Advantage

Theory of Comparative Advantage

Specific Factors Model

Leontief Paradox

Stolper-Samuelson Theorem