1. Economic problems

2. Determine import quota ratio if: GDP=4500 billion dollars, the amount of import =900billion dollars? a)25% b) 20% c) 45% d)35% Answer : 20%

3. Determine export quota ratio if: GDP=8000 billion dollars, the amount of import =400 billion dollars, the amount of export = 400 billion dollars? a) 5% b) 25% c) 15% d) 45% Answer : 5 %

4. Determine export quota ratio if: GDP=95000billion dollars, the amount of import =350 billion dollars, the amount of export = 400 billion dollars? a) 45% b) 25% c) 15% d) 0.42% Answer : 0.42%

5. The volume of export and import in the country A is equal to 150 and 280 million dollars. Determine the balance of trade balance? +30 mln. dol. - 130 mln. dol. +330 mln. dol. -330 mln.dol. Answer : -130 mln dol

6. Determine the volume of export to country B, if it is known that the supply and demand functions are expressed as the followings: Q S = 100-2P; Q D = 40 + P, where P is the equilibrium price per unit. The global equilibrium price is equal to 10 monetary units. A) 25; B) 45; C) 30; D) 55. Answer :30

7. Determine the equilibrium internal price in autarky condition, if it is known that the function of supply and demand are the following: Q D = 200-10P; Q S = 80 +2 P, where P is the equilibrium price per unit. A) 10; B) 25; C) 35; D) 45. Answer :10