国际经济学Questions and Problems.pptVIP

Ch-01 Questions for review 1. Why is it important to study international trade? 2. How is international trade related to the standard of living of a country? Among large nations, small nations, developed nations and developing nations, for which group of nations is international trade most crucial? 3. How can we get a rough measure of the interdependence of each nation with the rest of world? 4. What does international trade theory study? International trade policy? Problems 1. Go through your daily newspaper and identify: (1) 2-3 news items on the international trade; (2) The importance or effect of each of the news items on Chinese economy; (3) The importance of each of the news items to you personally. 2. What does consumer demand theory predict will happen to the quantity demanded of a good if its price rises (e.g. as a result of a tax) while everything else is held constant? What do you predict would happen to the quantity of imports of a good if its price to domestic consumers rose (e.g. as a result of a tax on imports?) ## Ch-02 Questions for review 1. In this chapter, what are the basic questions that we seek to answer? In what way is the model presented an abstraction or a simplification of the real world? Can the model be generalized? 2. What were the mercantilists’ view on trade? How does their concept of national wealth differ from today’s view? 3. What was the basis for and the pattern of trade according to Adam Smith? How were gains from trade generated? What policies did Smith advocate in international trade? What did he think was the proper function of gov’t in the economic life of the nation? 4. In what way was Ricardo’s law of comparative advantage superior to Smith’s theory of absolute advantage? How do gains from trade arise with CA? How can a nation that is less efficient than another nation in the production of all commodities export anything to the second nation? 5. What is the exception to the law of CA? How prevalent is it? 6. Why is