國際貿(mào)易教案資料

國際貿(mào)易

C1.Themercantilistswouldhaveobjectedto:

Exportpromotionpoliciesinitiatedbythegovernment

Theuseoftariffsorquotastorestrictimports

Tradepoliciesdesignedtoaccumulategoldandotherpreciousmetals

Internationaltradebasedonopenmarkets

C2.UnlikeAdamSmith,DavidRicardo'stradingprincipleemphasizesthe:

Demandsideofthemarketb.Supplysideofthemarket

Roleofcomparativecostsd.Roleofabsolutecosts

A3.Accordingtotheprincipleofcomparativeadvantage,specializationandtradeincreaseanation'stotaloutputsince:

Resourcesaredirectedtotheirhighestproductivity

Theoutputofthenation'stradingpartnerdeclines

Thenationcanproduceoutsideofitsproductionpossibilitiescurve

Theproblemofunemploymentiseliminated

B4.Inatwo-product,two-countryworld,internationaltradecanleadtoincreasesin:

Consumerwelfareonlyifoutputofbothproductsisincreased

Outputofbothproductsandconsumerwelfareinbothcountries

Totalproductionofbothproducts,butnotconsumerwelfareinbothcountries

Consumerwelfareinbothcountries,butnottotalproductionofbothproducts

D??5.UsingthedatainTable2.1,answerthequestion(s).

Table2.1.OutputPossibilitiesfortheU.S.andtheU.K.

OutputperWorkerperDay

Country

TonsofSteel

Televisions

UnitedStates

5

45

UnitedKingdom

10

20

RefertoTable2.1.TheUnitedKingdomgainsmostfromtradeif:

1tonofsteeltradesfor2televisions

1tonofsteeltradesfor3televisions

2tonsofsteeltradefor4televisions

2tonsofsteeltradefor5televisions

D6.Increasingopportunitycostssuggestthat:

Resourcesarenotperfectlyshiftablebetweentheproductionoftwogoods

Resourcesarefullyshiftablebetweentheproductionoftwogoods

Acountry'sproductionpossibilitiescurveappearsasastraightline

Acountry'sproductionpossibilitiescurveisbowedinward(i.e.,convex)inappearance

C7.Assumingincreasingcostconditions,tradebetweentwocountrieswouldnotbelikelyiftheyhave:

Identicaldemandconditionsbutdifferentsupplyconditions

Identicalsupplyconditionsbutdifferentdemandconditions

Differentsupplyconditionsanddifferentdemandconditions

Identicaldemandconditionsandidenticalsupplyconditions

D8.UsethedatainTable2.2toanswerthequestion(s).

Table2.2.OutputPossibilitiesforSouthKoreaandJapan

OutputperWorkerperDay

Country

TonsofSteel

VCRs

SouthKorea

80

40

Japan

20

20

RefertoTable2.2.TheopportunitycostofoneVCRinSouthKoreais:

tonofsteel

1tonofsteel

1tonsofsteel

2tonsofsteel

B9.UsethedatainTable2.2toanswerthequestion(s).

Table2.2.OutputPossibilitiesforSouthKoreaandJapan

RefertoTable2.2.Accordingtotheprincipleofabsoluteadvantage,Japanshould:

Exportsteel

ExportVCRs

ExportsteelandVCRs

Noneoftheabove;thereisnobasisforgainfultrade

D10.UsethedatainTable2.2toanswerthequestion(s).

Table2.2.OutputPossibilitiesforSouthKoreaandJapan

RefertoTable2.2.Withinternationaltrade,whatwouldbethemaximumamountofsteelthatSouthKoreawouldbewillingtoexporttoJapaninexchangeforeachVCR?

tonofsteel

1tonofsteel

1tonsofsteel

2tonsofsteel

11.Iftheinternationaltermsoftradesettleatalevelthatisbetweeneachcountry'sopportunitycost:

Thereisnobasisforgainfultradeforeithercountry

Bothcountriesgainfromtrade

Onlyonecountrygainsfromtrade

Onecountrygainsandtheothercountrylosesfromtrade

12.Internationaltradeisbasedonthenotionthat:

Differentcurrenciesareanobstacletointernationaltrade

Goodsaremoremobileinternationallythanareresources

Resourcesaremoremobileinternationallythanaregoods

Acountry'sexportsshouldalwaysexceeditsimports

13.UsethegraphshowninFigure2.1toanswerthequestion(s).

Figure2.1.ProductionPossibilitiesSchedule

RefertoFigure2.1.Therelativecostofaluminumintermsofsteelis:

4.0tonsb.2.0tonsc.0.5tonsd.0.25tons

14.Whenanationachievesautarkyequilibrium:

Inputpriceequalsfinalproductprice

Laborproductivityequalsthewagerate

Importsequalexports

Productionequalsconsumption

15.AccordingtoRicardo,acountrywillhaveacomparativeadvantageintheproductinwhichits:

Laborproductivityisrelativelylow

Laborproductivityisrelativelyhigh

Labormobilityisrelativelylow

Labormobilityisrelativelyhigh

16.TheRicardianmodelofcomparativeadvantageisbasedonallofthefollowingassumptionsexcept:

Onlytwonationsandtwoproducts

Productqualityvariesamongnations

Laboristheonlyfactorofproduction

Laborcanmovefreelywithinanation

17.Introducingindifferencecurvesintoourtrademodelpermitsustodetermine:

Whereanationchoosestolocatealongitsproductionpossibilitiescurveinautarky

Thepreciselocationofanation'sproductionpossibilitiescurve

Whetherabsolutecostorcomparativecostconditionsexist

Thecurrencypriceofoneproductintermsofanotherproduct

18.Tradebetweentwonationswouldnotbepossibleiftheyhave:

Identicalcommunityindifferencecurvesbutdifferentproductionpossibilitiescurves

Identicalproductionpossibilitiescurvesbutdifferentcommunityindifferencecurves

Differentproductionpossibilitiescurvesanddifferentcommunityindifferencecurves

Identicalproductionpossibilitiescurvesandidenticalcommunityindifferencecurves

19.Givenatwo-countryandtwo-productworld,theUnitedStateswouldenjoyalltheattainablegainsfromfreetradewithCanadaifit:

TradesattheU.S.rateoftransformation

TradesattheCanadianrateoftransformation

Specializescompletelyintheproductionofbothgoods

Specializespartiallyintheproductionofbothgoods

20.Theequilibriumpricesandquantitiesestablishedaftertradearefullydeterminateifweknow:

Thelocationofallcountries'indifferencecurves

Theshapeofeachcountry'sproductionpossibilitiescurve

Thecomparativecostsofeachtradingpartner

Thestrengthofworldsupplyanddemandforeachgood

21.ThebestexplanationofthegainsfromtradethatDavidRicardocouldprovidewastodescribeonlytheouterlimitswithinwhichtheequilibriumtermsoftradewouldfall.ThisisbecauseRicardo'stheorydidnotrecognizehowmarketpricesareinfluencedby:

Demandconditionsb.Supplyconditions

c.Businessexpectationsd.Profitpatterns

22.Underfreetrade,SwedenenjoysallofthegainsfromtradewithHollandifSweden:

TradesatHolland'srateoftransformation

TradesatSweden'srateoftransformation

Specializescompletelyintheproductionofitsexportgood

Specializespartiallyintheproductionofitsexportgood

23.BecausetheRicardiantradetheoryrecognizedonlyhowsupplyconditionsinfluenceinternationalprices,itcoulddetermine:

Theequilibriumtermsoftrade

Theouterlimitsforthetermsoftrade

Whereacountrychoosestolocatealongitsproductionpossibilitiescurve

Whereacountr