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İKT108U

İKTİSADA GİRİŞ II

7. Ünite
Soru 1
What is the gain of investors from international economic transactions?
Soru 2
‘Country’s ……………………….. exceed its production possibilities with international trade leading to a higher consumption satisfaction to the consumer.’

Refill the blank with one of the following options?

Soru 3
Which of the following is equal to CPF (consumption possibilities frontier) at the autarky?
Soru 4
Let’s assume a hypothetical world with two countries, namely Sunland and Lakeland. So as to provide simplicity for the analysis, it is assumed that the countries are producing only two commodities, corn and Wheel under increasing opportunity costs.For Lakeland, the absolute disadvantage in corn production (4) is greater than the absolute disadvantage in wheel production (1,6).

If this is the case which of the following statement can be said ?

Soru 5
Which of the following is the fact that the early trade theories did not take into consideration?
Soru 6
  • Health standards,
  • sanitary and phyto-sanitary standards,
  • environmental standards,
  • labor standards,
  • product standards,
  • production subsidies,
  • internal charges, etc
    Above standards belong to which restrictive trade instruments? 
Soru 7
Each international transaction requires the usage of at least how many different national currencies at the same time?
Soru 8
Which of the following system use currency depreciation and currency appreciation?
Soru 9
Which of the following is the main sub-account of Capital and Financial Account?
Soru 10
Which of the following is not included in balance of payments?
Soru 11
What is import?
Soru 12
I. General Equilibrium refers to the situation of concurrent equilibrium of the internal and external balance of an economy.

II. The main aim of the economic policies is to attain the internal equilibrium and external equilibrium at the same time. 

III. Expenditure-switching policies are the fiscal and monetary policies that change the volume of the total expenditure.

What can be said to be true about general equilibrium?

Soru 13
If the foreign exchange rate between USA and the UK is 1.3 then how much will 10 pounds equal to in dollars?
Soru 14
If the nominal exchange rate between USA and the UK is 1.3 and the consumer price index is 2.6 for the UK and 2 for USA what is the real exchange rate for USA?
Soru 15
What is the capital account?
Soru 16
What can be said to be true about the balance of payments?
Soru 17
I. Traditional trade restriction aims are protecting domestic producers and collecting revenue to the treasury.

II. Restrictive trade instruments are tariffs and non-tariff restrictions.

III. Non-tariff restrictions are tax or duty levied on the traded commodity as it crosses a national boundary.

What can be said to be true about trade restrictions?

Soru 18
Which of the given is a non-tariff restriction imposed on imports?
Soru 19
Which of the given is a non-tariff restriction imposed on exports?
Soru 20
I. Production possibilities frontier (PPF) is the boundary between those combinations of commodities and services that can be
produced and those that cannot.

II. A country’s consumption possibilities exceed its production possibilities with international trade leading to a lower consumption satisfaction to the consumer. 

III.  In international economics, consumption possibilities frontier (CPF) defines the consumption choices of a country under the given relative prices. 

What can be said to be true about consumption and production possibilities frontier?