Deneme Sınavı Soruları

opportunity cost

labor productivity

autarky

international tarde

sum-game

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

There are two countries, two commodities, and one factor of production all over the world.

There is complete specialization in the production in both countries.

There is increasing returns to scale in the production of all commodities.

There is free movement of factors of production within each country and free movement of factors of production between countries.

Production possibilities frontier

Indifference curve

Price line

Budget curve

Total production line

Zero-sum game

Laissez-faire

Neomercantilist

Homogeneous

Absolute advantage

I and III

II and IV

I, II, III

I, II, IV

II, III, IV

There are many buyers and sellers.

The firms sell differentiated commodities.

There are no barriers to entry and exit.

There is no price control.

There is perfect information in the market.

Natural advantage

Acquired advantage

Labor productivity

Autarky

Opportunity costs

Additive Manufacturing

Artificial Intelligence

Bitcoin

Blockchain

Supply chain

Firms can influence the prices of the commodity which they produce.

A market type in which many firms produce differentiated commodities.

There is one producer that does not face a competition and thus is the price setter itself.

The firms are just price takers.

A country exports and imports with the same commodity category or industry as a whole.

II-III-IV-V-I

II-IV-III-V-I

II-IV-I-V-III

II-III-IV-I-V

II-IV-V-III-I

He translated, edited and introduced  Heckscher-Ohlin Trade Theory. 

He was known as an American economist who wrote the largest-selling economics textbook ever in 1948, namely Economics: An Introductory Analysis.

He developed the distribution of income effects of international trade.

 He distributed of income effects of international trade within a trading country.

He lead to a balanced international trade, reminding the last simplifying assumption of the HeckscherOhlin Theory.

Classical trade theory

Theory of absolute advantage

Theory of comparative advantage

Neo-classical trade theory

Heckscher-Ohlin theory

Internal economies of scale

Product differentiation

Transportation costs

Scope of commodity classification

Differences in distribution of income

Trade triangle.

Indifference curve.

Relative price.

Comparative advantage.

Offer curve.

Increase

The lowest

Decrease

The change

The ratio

3

2

4

5

6

Volume of trade

Balance of trade

Trade deficit

Trade surplus

Pattern of trade

Income inelastic demand

Income elastic demand

Inferior goods

Product differentiation

Product cycle

Opportunity cost

Tradeoff

Production possibilities frontier

Indifference curve

Marginal rate of substitution

It gives the total supply of a country.

It displays the production possibilities frontier of a country.

It refers to an exchange, giving up a thing to get something else.

It produces at any point inside the production possibilities frontier.

It represents the total demand of a country.