Deneme Sınavı Soruları

Production boom

Industrial revolution

New market searches

High import prices

Widespread use of liberalism in free trade or trade

resource endowments

technological abilities

demand

economies of scale

government policies

Because trade creates winners and losers,

Because trade is a zero sum game,

One’s gain certainly will be greater than that,

because they benefit from doing so,

Because trade occurs as barter

Only I

Only II

Only III

I-II

I-III

Adam Smith

David Hume

David Ricardo

Thomas Mun

Jacob Viner

Technology is the same in both countries.

One of the countries is labor-abundant and the other one is capital-abundant.

Demand preferences are different in both countries.

There is incomplete specialization in the production in both countries.

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

Devaluation

Revaluation

Foreign exchange rate

Currency depreciation

Currency appreciation

Determining the comparative advantage

Determining the colloborative advantage

predicting the comparative advantage

Predicting the pattern of advantage

Predicting the patternof international trade

A change in the wage leads to a relatively more change on the demand for labor in the same direction.

A change in the demand for a labor-intensive commodity leads to a relatively more change on the price of the commodity in the same direction.

A change in the price of a commodity leads to a relatively more change on the income of the factor used intensively in its production in the same direction.

A change in the demand for a capital-intensive commodity leads to relatively more change on demand for capital in the same direction.

The amount of output increase will be relatively higher than the increase in the factors of production.

I and II

III and IV

I, II, III

I, III, IV

II, III, IV

It rests on the recognition of dynamic changes that affect the manufactured commodities.

It is constant in trading countries.

It doesn't analyze the life and trade cycle of a new product manufactured by the innovating country.

It tells the other main weaknesses of the Linder Model.

It doesn't explain the effects of technological differences on international trade.

It gives the total amount of imports and exports.

It  gives the difference between total imports and total exports.

There is a trade deficit.

It means that there is a trade surplus.

None of them defines it correctly.

Differences in Technology

Differences in Resource Endowments

Existence of Government Policies

Existence of Economies of Scale in Production

Differences in Demand

Hechsner Model

Ohlin Model

Linder Model

Restrictions Model

Unemployment model

David Hume

Adam Smith

Thomas Mun

David Ricardo

Eli Heckscher

product cycle model

Classical trade theory 

Neo classical trade theory

Linder model

Hecksner-Ohlin theory

Constant returns to scale

Internal economies of scale

Price competitiveness

Brand competitiveness

Economies of scale

Absolute advantage

Natural Advantage

Labor productivity

Autarky

Acquired Advantage

There are one or two firms producing same commodity

There are many firms producing a homogeneous commodity

There are many consumers

It's easy to enter in and exit out

Firms and consumers are well-informed

1977

1978

1979

1980

1981