Introduction to Economics 2 Final 4. Deneme Sınavı

Toplam 20 Soru
PAYLAŞ:

1.Soru

Which one of the following is not one of the factors affecting decrease in aggregate supply?

 


Increase in input prices

 

Increase in fees

 

Investment deficit

 

Technological progress

Natural disasters and war


2.Soru

If a market has many companies selling the same product with no restrictions, we can talk about ______.


constant returns to scale

 

economies of scale

 

factor abundance

 

perfect competition

comparative advantage


3.Soru

  1. Economic growth is a broader concept than economic development.
  2. Economic growth reflects social and economic progress and requires economic development.
  3. Economic growth is a vital and necessary condition for development,
  4. but it is not a sufficient condition as it cannot guarantee development.

Which of the above statement is true about economic development?


I-III

III-IV

II-III

I-II

I-IV


4.Soru

Which of the following is not included in assets of a bank’s balance sheet?

 


Time deposits

 

Securities

 

Cash vault

 

Loans

Free reserves


5.Soru

According to “the rule of 70”, how much does it take for a variable that grows at a pace of 30% in a year to double itself?


23 months

 

27 months

 

29 months

 

30 months

33 months


6.Soru

What is “commodity money”?


The object which has no value as a good

 

The object which has a value in purchasing goods and services

 

The object which has a value as a good

 

The object which has a value as a medium of exchange

The object which has both a value as a good and a medium of exchange.


7.Soru

From 2016 to 2017, if the nominal economic growth rate is 12.53 percent and for the same period the real rate is 4.38 percent, what is the result of price increases?


8.15

 

16.91

 

2.86

 

12.53

4.28


8.Soru

Which of the followings is an example of “behind the border” restrictions?


Import quotas

 

Customs procedures

 

Production subsidies

 

Export bans

Duties


9.Soru

Who states that ‘the bad money drives out the good money in the market’?


Kuznets’ Law

 

Quesney’s Law

 

Keynes’ Law

 

Say’s Law

Gresham’s Law


10.Soru

.………………is the number that represents, on average, how many times one unit of money is used for purchasing final goods and services.

Which terminology is defined above?


Equation of exchange

 

Neutrality of money

 

Velocity of money

 

Precautionary demand for money

Speculative demand for money


11.Soru

What is the situation in which prices increase while production decreases?


Inflation

 

Deflation

 

Recession

 

Stagflation

Stagnation


12.Soru

Which of the following is not related to the effects of increase in prices on the economy?


Interest rates

 

Quantity of money

 

Investments

 

Real GDP

Deflation


13.Soru

Which of the following provides output stability automatically in an economy?


Unflexible exchange rate system

Expanded monetary policy system

Free riding system

International trade system

Price stability


14.Soru

Which of the following effect/s  is/are not related to contractionary economic policies?

I. MS ↑ => AD shifts to the right

II. T ↓=> AD shifts to the right

III. MS ↓=> shifts to the left

IV. T ↑=> AD shifts to the left


I, II

 

I, III

 

I, IV

 

II, IV

III, IV


15.Soru

What is the main motive for international trade?


To adjust the balance of payments

 

To collect revenue to the treasury

 

To attract foreign direct investment

 

To increase the economic gains

To have good diplomatic relations


16.Soru

Which of the following plays an important role in the emergence of demand-pull inflation as well as the consistent inflation?


Restrictive monetary policy

Increase in raw materials

Lowering the investment expenditure

Decrease in the money demand

 Increase in the money supply


17.Soru

Which of the following is creation of the expansionary policy when the economy is operating in a region where the aggregate supply curve is steeper?


Great increase in production level

Small increase in production level

Small increase in price level  

No changes in price level

No changes in production level


18.Soru

How is general equilibrium determined?


By implementing expenditure changing policies

 

By implementing expenditure switching policies

 

By implementing both expenditure policies

 

By implementing fiscal and monetray policies

By balancing import and export amounts


19.Soru

What is aggregate supply?


It is the total amount of foreign currency at various price levels in an economy.

 

It is the total amount of goods and services produced at the same price level in an economy.

 

It is the total amount of goods and services produced at various price levels in an economy.

 

It is the total amount of real income at various price levels in an economy.

It is the total amount of real income at the same price level in an economy.


20.Soru

Which of the following criticisms against the use of HDI is arbitrary?


The HDI index does not distinguish between different rates of development within a country such as between urban and traditional rural communities.

Giving equal weight to the three main components.

Development is largely about freedom, but the index does not directly measure this.

It uses GDP per capita, but there is no indication of the distribution of income in the country.

The HDI excludes many aspects of economic and social life that could be regarded as contributing to or constraining development, such as crime, corruption, poverty, deprivation, and negative externalities.