WorksheetsInternational Economic
Total questions: 13
Worksheet time: 7mins
When was the euro introduced?
01.01.1999
01.01.1959
01.05.2004
31.12.1998
How old is a person who is as old as the number of members of the EU?
15
27
35
20
Which is the largest country in the European Union?
Germany
Poland
France
Sweden
Choose the areas of macroeconomics!
It analyses the economy as a whole.
It deals with the individual choices of consumers.
It tracks the trade in goods among countries, paying particular attention to the international context.
It calculates with foreign currencies and their exchange rates.
Which statement is false related to international trade?
Goods are also available that cannot be produced by the economy.
It means a wider variety of products
Cheaper products because of the international trade
International trade is favorable for all countries.
It aggregates the international transactions of the population of a given country for a given year. It is the definition of.....
...Export
...Balance of Payments
...GDP
...Ricardian Model
Indicate the statement that does not characterize the absolute advantages.
It results in the international specialization.
Consumers in countries can get cheaper products.
The country can trade what it can produce at the lowest cost.
There will not be countries that are left out of international trade
Which model is the one that suggests specialization for countries based on resources?
Model of absolute advantages
Ricardian Model
Heckscher-Ohlin Model
Model of comparative advantages
Which is not a factor of the FDI flow based on Dunning?
Choice of location
Active trade policy
Type of ownership
Internalization
New Economic Geography is linking to ....
...export
...locational theories
...specialization
...productivity
Which is not a feature of the monopolistic competition
Product differentiation
Autonomous pricing by each firm
It is a mix of monopoly and competition
The firms accept the market price
Which is not a key rule of GATT?
The “second-best” theory: intervention is not needed on a market only if any other market is functioning well
Quantitative Restrictions (QRs) – unilateral QRs can’t be implemented by member countries, except for cases of market disruption
Tariffs – the introduction of a new tariff, or any tariff increase may take place with appropriate compensation only
Export subsidies – member countries can subsidise agricultural exports only
Who are the LDCs?
Least Developed Countries
Leading Developed Countries
Linguistic Data Consortium
An institution of climate change
