DIŞ TİCARET - Deneme Sınavı - 10

International trade refers to the real side of international economics based on the physical movement of goods or services. Therefore, the correct option is A.

Barter: An exchange of a commodity for another. Therefore, the correct option is B.

Defining the key terms and concepts has to start with the term volume of trade. Volume of trade gives the total amount of imports and exports. Imports are the goods or services that are bought from a foreign country while exports refer to the goods or services that are sold to a foreign country. Therefore, the correct option is C.

Defining the key terms and concepts has to start with the term volume of trade. Volume of trade gives the total amount of imports and exports. Imports are the goods or services that are bought from a foreign country while exports refer to the goods or services that are sold to a foreign country. Thus, balance of trade gives the difference between total imports and total exports. If total imports are more than the total exports within an economy, then there is a trade deficit. On the other hand, when total exports exceed total imports, it means that there is a trade surplus. Therefore, the correct option is A.

Terms of trade: Another key term which is used within the scope of international trade is terms of trade. Terms of trade of a nation are found by the ratio of the price index of its exports to the price index of its imports. Therefore, the correct option is E.

The decrease in the terms of trade often refers to a deterioration in the terms of trade. Therefore, the correct option is D.

Positive economies of scale exist when the cost of producing a unit of commodity decreases as its output rate increases. Therefore, the correct option is A.

Foreign exchange market: The national currency of a country is exchanged for the currency of another in the foreign exchange market. Therefore, the correct option is D.

The foreign exchange market is not a marketplace where the suppliers and the consumers meet. Thus, a foreign exchange market is different from a commodity market in this respect. The participants of tshe foreign exchange market are individuals, firms, traders, investors, commercial banks, speculators, arbitrators, and the Central Bank of countries, which can be thousands in numbers. Therefore, the correct option is A.

Devaluation: Lowering the value of the national currency by the decision of the Central Bank is called devaluation. Therefore, the correct option is C.