Ünite Sınavı Soruları

1. Opportunity cost is a ratio.
2. All tradeoffs involve an opportunity cost.
3. It is the highest cost of the preferred alternative.
4. It is the lowest-valued alternative that is given up.

Which of the above are among the characteristics of opportunity cost?

1. Production possibilities frontier
2. The offer curve
3. The autarky relative price line
4. The indifferent curve
5. The opportunity cost

The intersection of which of the above determine the general equilibrium of an economy?

How many simplifying assumptions does The Heckscher-Ohlin Theory stand on? 

Which of the following is  a market type in which many firms produce similar but differentiated commodities and compete with each other?

Which of the following postulates that 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?

How would you define the term "indifference curve"?

1. The indifferent curve
2. The autarky price line
3. The opportunity cost
4. The production possibilities frontier

Which of the above must intersect for the general equilibrium of an economy? 

Which information is true for the characteristics of a perfectly competitive market?

I.There are many firms producing a homogenous commodity.

II.Firms and consumers are well-informed.

III.It’s easy to enter in and exit out.

Which of following is a market type in which small numbers compete with each other?

Which of the following refers to the same amount of output increase with the increase within the factors of production?

The highest valued alternative that is given up when making a choice is called:

" Almost all the international trade models assume that international trade is ................ ".

Which of the following choices completes the blank correctly?

Which of the following describes the term ‘tradeoff’?

How many types of the market types do the economists identify?

Which of the following gives the pattern of trade between trading countries under the international relative prices?

Which of the following choices is false related to the " Characteristics of a Perfectly Competitive Market "?

Which of the following is not among the assumptions the Heckscher-Ohlin Theory stands on?

................... which is constructed upon both the Theory of Absolute Advantage and the Theory of Comparative Advantage postulates that the basis of the comparative advantage is the labor theory of value.

Which choice correctly completes this sentence?