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商务英语阅读(第二版)-王关富
-Unit-6-Goodbye--Free-Trade课后答案-
Unit6
Goodbye,FreeTrade?
Exercises
1.Answerthequestionsonthetext.
1)WhatwastheresultwhentheHouseofRepresentativespassedthe
Hawley-SmootTariffActin1930?
TheeconomicrecessionintheUnitedStatesbecameevenworse.
2)Accordingtotheauthor,whathappenswhenacurrencyappreciates?
Itdiminishestheexportadvantageofthecountryandmakesitdifficultto
increaseexportsorevenmaintainthestatusquo.
3)HowdidAmericanpoliticianstakeadvantageofthepublicsstrong
anti-free-tradesentimentintheUnitedStates?
Theycreatedatalkingpointinchargesofunfairtradesothattheythought
theycouldbenefitinthemid-termelections.
4)WhatdidAmericanpoliticiansandeconomistsagreeanddisagreeoverthe
Hawley-SmootTariffAct?
Almostallofthemagreedthatitwasabadlaw,buttheydisagreedwhetherit
triggeredtheGreatDepressioninthe1930s.
5)WhatdidMiltonFriedmanthinkwerethemoreimportantreasonsforthe
GreatDepression?
Themalfunctioninggoldstandardsystemandineptmonetarypolicyofthe
FederalReserve.
6)WhatwastheforeignreactionunexpectedbytheAmericanlawmakersafter
theHawley-SmootTariffActwasenacted?
Thetradingpartnerswereangeredandimposeddiscriminatorytariffson
Americangoods.Canadainparticular,asthelargestexportmarketforthe
US,reactedfiercelyandhandeditsmarketovertotheBritishcompetitors.
7)WhyisitunlikelyfortheUStoadoptanotherSmoot-Hawleytodayintheeye
oftheauthor?
(1)TheUSismuchmoreintegratedintotheworldeconomytodaythanit
wasinthe1930s.
(2)Importrestrictionsseldomachievetheirintendedgoals,instead,often
enduphurtingAmericanindustriesandconsumers.
(3)TheAmericanshavelearnedtoconsiderthepossiblestrongforeign
retaliationagainstUSexporters.
8)Wha
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