Ünite Sınavı Soruları

What is a country’s advantage to other countries due to its climate, natural resources and labor ability called?

Which of the following is not one of the reasons of mercantalism?

Which of the following reflects the figure above?

1. Nation Z must give up more of X for each additional Y it produces
2. Increased opportunity costs result in a concave PPF from the origin instead of a straight line.
3. Concave production frontier reflect increasing opportunity costs in the nation and in the production of the two goods.

France has a relative abundance of capital and Bangladesh has a relative abundance of labour. Automobiles are capital-intensive to produce, while the textile is labour intensive. France will have a comparative advantage in automobiles construction and Bangladesh will have a comparative advantage in textile sector. 

Which of the following summaries explains the situation above?

"Government tax and subsidy programs alter the prices charged for goods and services. These changes can be sufficient to generate advantages in production of certain products. In these circumstances, advantageous trade may arise solely due to differences in government policies across countries."

Which one of the basic reasons below is directly related with the statement above?

What are the countries trying to give foreign trade surplus for social and political purposes called?

Which one of the following gives  the nation’s offer of quantity of exports and import?

Before the mercantilist period, it was difficult to talk about a common foreign trade in the world. What was the only exception to this?

Which of the following is a capital intensive product?

Which one below is an example of acquired advantage?

According to the Theory of Absolute Advantage, A country has an absolute advantage in the production of a good relative to another country if…………………………….?

Which of the following is the key point that the theory of comparative advantage states?

I. Mercantilism can be said to be a recent theory of international trade.

II. According to the mercantilist doctrine, countries should export more than they import.

III. For Mercantilism, the prosperity of a nation is dependent upon its supply of capital.

Which one(s) of these statements is/are true about Mercantilism?

According to mercantilism, what was the main objective of foreign trade policy?

If a country has absolute advantage in all products and the other country is absolutely less productive, then what happens to trade?

1. Mercantilism can be said to be the first theory of international trade.
2. While one side of trade is profitable, the other party suffers equally.
3. Traders attached great importance to the development of the trade fleet.
4. The main objective of foreign trade policy is to increase the import of products.

Which of the above are among the characteristics of Mercantilism?

A country’s gains more from trade depend on what?

What is the reason that Countries engage in international trade?

Which of the following is an example of acquired advantage?