Aof Panel

Soru 1

Sunland

Lakeland

Corn(kg/hr)

12

4

Wheel(item/hr)

21

…….

Let’s assume that Sunland has an absolute advantage in both corn and wheel and according to comparative advantage approach, Sunland has comparative advantage in corn and Lakeland has comparative advantage in wheel.

To make the statement above correct, which of the followings should be written into the blank box?

Soru 2

Which of the followings is a(n) example of non-tariff restrictions imposed in the national economy?

Soru 3

Suppose that the USA is our domestic country while the UK is the foreign:

$ 1 = £ 0.6 → in 2015,

$ 1 = £ 0.7 → in 2016,

Consumer price inflation (2016) in USA → 5%

Consumer price inflation (2016) in UK → 3%

Using the data above, calculate the real exchange rate in 2016?

Soru 4

Which of the following is false according to the table above?

Soru 5

Which of the following is one of the expenditure switching policies?

Soru 6

Which of the following refers to autarky?

Soru 7

Suppose that rental price of capital to the price of labor time is lower in Country A than in Country B. On the other hand, the ratio of the price of labor time to the rental price of capital is lower in Country B than in Country A. Which of the following is true in this case?

Soru 8

What is the tax or duty leived on traded commodities as they cross the national boundry?

Soru 9

I. Depreciation

II. Appreciation

III. Devaluation

Which of the above listed changes could be seen in the fixed foreign Exchange rate regime?

Soru 10

Which of the following is the summary statement of all economic transactions made by a foreign currency?

Soru 11

Which of the following non-tariff restrictions can be considered as 'behind-the border restrictions'?

Soru 12

Suppose that the free trade price of a commodity is 10 TL. Government imposes the import tariff that increases domesic price from 10 TL to 18 TL. Suppose that after imposing the import tariff, the domestic producers increase their production from 3 tons to 7 tons. Nevertheless, the domestic consumers decrease their consumption from 21 tons to 15 tons because of the domestic price increase. Which of the following is equal to the tariff revenue in this case?

Soru 13

Which of the following refers to real investments made directly to the firms, capital commodities and land?

Soru 14

The CPF(consumption possibilities frontier)of a country is at an ........ level than its PPF(production possibilities frontier) with international trade.

Soru 15

The terms of trade (TOT) of a country are given by the ratio of the price index of its ...... to the price index of its .......

Soru 16

Why the theory of absolute advantage and the theory of comparative advantage are criticized?

Soru 17

When the cost of producing a unit of a commodity ........ as its output rate ........, this creates economies of scale.

Soru 18

What is the difference between the nominal exchange rate and the real exchange rate?

Soru 19

Which is the following describe the limits to the consumption choices of a household?

Soru 20

Which is the boundary between those combinations of commodities and services that can be produced and those that cannot?

İKTİSADA GİRİŞ II