一， 填空
1. International Trade Theory and policies are the microeconomic aspects of international economics
2. The macroeconomics aspects of international economics are often referred to as open economy macroeconomics or international finance.
3. A community indifference curve shows the various combinations of two commodities that yield equal satisfaction to the community or nation.
4. Opportunity cost Theory refers the cost of a commodity is the amount of a second commodity that must be given up to release just enough resources to produce one additional unit of the first commodity.
5. Rate of effective protection is the tariff calculated on the domestic value added in the production of commodity.
6. The terms of trade of a nation are defined as the ratio of the price of its export commodity to the price of its import commodity.
7. Commodity X is labor intensive and commodity Y is capital intensive means that commodity X requires relatively more labor to produce than commodity Y in both nations.
8. In a world of two commodities (X and Y) and two factors (labor and capital), we say that commodity Y is capital intensive if the capital-labor ratio (K/L) used in the production of Y is greater than K/L used in the production of X.
9. International trade will bring about equalization in the relative and absolute returns to homogeneous factors across nations.
10. ——Quota—— is a direct —quantitative— restriction on trade.
11. Heckscher and Ohlin based —comparative— advantage on the difference in factor —endowments—among nations.
12. When a small nation imposes an import tariff, the —domestic price of the importable commodity rises by the full amount of the —tariff for individuals in the nation.
13. —Trade creation— occurs when some domestic production in a nation that is a member of the customs union is replaced by lower-cost imports from another member nation.
14. —Trade diversion—— occurs when lower-cost imports from outside the customs union are replaced by —higher-cost—— imports from a union member.
15. An international transacton refers to the exchange of a —good—, —service, or —asset— between the residents of one nation and the residents of other nations.
16. —Credit— transactons are those that involve the—receipt— of payments from foreigners.
17.—Debit— transactions are those that involve the—making— of payments to foreigners.
18. —Dunble-entry— bookkeeping is used that each international —transaction is recorded twice, once as a credit and once as a —debit of an equal amount.
二、判断题
1. According to equalization factor price theorem, even if the factor of production cannot the unrestricted flow, the commodity can the unrestricted flow, the relative price and the absolute price of homogeneous factor of production can tend to be equal. ( T )
2. The overlapping demand theory is appliable to explain the trade berween developed countries but the developing countries. ( F )
3. The infant industry proposed the trade protection from the viewpoint of the macro economic stable angle. ( F )
4. The small nation and the large nation implement the export subsidy to be able to cause the negative effect on net welfare. ( T )
5. The factor endowment is a relative concept, has nothing to do with the absolute quantity of factor of production within a nation.
6. The mercantilism implys that the currency is the only form of the wealth. ( T ) 7. Long-term objective of macroeconomic policy is the full employment. ( F ) 8. The productions of larger nation export products increase certainly will cause the welfare rise. ( F )
9. In the classical trade theory, the labor is the only factor of production, the gaps on the production technologies concrete manifestation for the labor productivity difference. ( T )
10. The factor endowments depend on the absolute value of production factors in a nation. ( F )
11. The determination of optimum tariff is the extra loss which causes by the tariff (marginal loss) is smaller than the extra benefit (marginal benefit). ( F ) 12. If the tariff level of a nation is higher, the welfare can be increase after joining Customs union. ( T )
13. The objective of persistent dumping of enterprise is to edge out the competitors out of the market and monopoly it. ( F )
14. The export subsidy will always reduce a country's wealth level. ( T )
15. The classical trade theory implys that the currency is the only form of the wealth. ( F )
16. The greater the elasticity of the supply and the demand of a importing nation is, the more obvious the trade creation effects welfare. ( T )
17. The greater the elasticity of the supply of the foreign exporters, the higher the optimum tariff level is. ( F ) 三、名词解释
1、Rybczynski Theorem:
2, The law of Comparative advantage 3. Heckscher-Ohlin (H-O) theorem 4，Absolute Advantage
5. Production possibililty frontier 6．Mercantilism
7. Stolper-Samuelson Theorem
四，Write the english version of following special terms.
1. 贸易条件 2. 关税 3. 要素密集度 4. 自由贸易区 5. 要素禀赋 7. 配额8.
出口补贴 9. 机会成本 10. 相对价格 11. 产品周期12. 生产要素13 有效保护率 14. 经常项目 15. 生产者剩余16. 消费者剩余17. 附加值 19. 共同市场 21. 国际收支 22.资本项目