International Economic

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