international（国际经济学）课后习题及答案.docVIP

Review Questions and Condensed Answers for International Trade Theories Chapter 1 World Trade and the National Economy Review Questions：： ：： 1． What features distinguish international from domestic transactions? 2． What can you say about the growth of world trade in both nominal and real terms? Was it faster than the growth of output? 3． Evaluate the statement,” the United States is a closed economy, hence foreign trade is of no consequence to it.” 4． Distinguish between export industries, import-competing industries and nontraded goods. Give examples of each. 5． Using the figure in table 1-3, what can you say about the trade structure of the USA and Japan. Condensed Answers to Review Questions：： ：： 1. The text discusses ways that international transactions differ from domestic ones. i. International trade requires that transactions be conducted between two currencies mediated by an exchange rate. Domestic transactions are conducted in a single currency. ii. Commercial policies that operate to restrict international transactions cannot, in general, be imposed on domestic trade. Such policies include tariffs, quotas, voluntary export restraints, export subsidies, and exchange controls. iii. Countries pursue different domestic macroeconomic policies which result in divergent rates of economic growth, inflation, and unemployment. iv. More statistical data exist on the nature, volume, and value of international transactions than exist in domestic trade.