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国际经济学作业答案-第九章

国际经济学作业答案-第九章
国际经济学作业答案-第九章

Chapter 9 The Political Economy of Trade Theory

Multiple Choice Questions

1. The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled and

removed,

(a) government tariff revenue will decrease, and therefore national economic welfare will decrease.

(b) government tariff revenue will decrease, and therefore national economic welfare will increase.

(c) deadweight losses for producers and consumers will decrease, hence increasing national

economic welfare.

(d) deadweight losses for producers and consumers will decrease, hence decreasing national

economic welfare.

(e) None of the above.

Answer: C

2. The opportunity to exploit economies of scale is one of the gains to be made from removing tariffs

and other trade distortions. These gains will be found by a decrease in

(a) world prices of imports.

(b) the consumption distortion loss triangle.

(c) the production distortion loss triangle.

(d) Both (b) and (c).

(e) None of the above.

Answer: E

3. It is argued that special interest groups are likely to take over and promote protectionist policies,

which may lead to an increase in national economic welfare. This argument leads to

(a) a presumption that in practice a free trade policy is likely to be better than alternatives.

(b) a presumption that trade policy should be shifted to Non-Governmental Organizations, so as to

limit taxpayer burden.

(c) a presumption that free trade is generally a second-best policy, to be avoided if feasible

alternatives are available.

(d) a presumption that free trade is the likely equilibrium solution if the government allows special

interest groups to dictate its trade policy.

(e) None of the above.

Answer: A

96 Krugman/Obstfeld ?Seventh Edition

4. The optimum tariff is

(a) the best tariff a country can obtain via a WTO negotiated round of compromises.

(b) the tariff, which maximizes the terms of trade gains.

(c) the tariff, which maximizes the difference between terms of trade gains and terms of trade loses.

(d) not practical for a small country due to the likelihood of retaliation.

(e) not practical for a large country due to the likelihood of retaliation.

Answer: E

5. The optimum tariff is most likely to apply to

(a) a small tariff imposed by a small country.

(b) a small tariff imposed by a large country.

(c) a large tariff imposed by a small country.

(d) a large tariff imposed by a large country.

(e) None of the above.

Answer: B

6. The prohibitive tariff is a tariff that

(a) is so high that it eliminates imports.

(b) is so high that it causes undue harm to trade-partner economies.

(c) is so high that it causes undue harm to import competing sectors.

(d) is so low that the government prohibits its use since it would lose an important revenue source.

(e) None of the above.

Answer: A

7. The existence of marginal social benefits which are not marginal benefits for the industry producing

the import substitutes

(a) is an argument supporting free trade and non-governmental involvement.

(b) is an argument supporting the use of an optimum tariff.

(c) is an argument supporting the use of market failures as a trade-policy strategy.

(d) is an argument rejecting free trade and supporting governmental involvement.

(e) None of the above.

Answer: D

8. The domestic market failure argument is a particular case of the theory of

(a) the optimum, or first-best.

(b) the second best.

(c) the third best.

(d) the sufficing principle.

(e) None of the above.

Answer: B

Chapter 9 The Political Economy of Trade Theory 97

9. The difficulty of ascertaining the right second-best trade policy to follow

(a) reinforces support for the third-best policy approach.

(b) reinforces support for increasing research capabilities of government agencies.

(c) reinforces support for abandoning trade policy as an option.

(d) reinforces support for free-trade options.

(e) None of the above.

Answer: D

10. The authors of the text believe that

(a) second-best policy is worse than optimal policy.

(b) special interest groups generally enhance national welfare.

(c) national welfare is likely to be enhanced by the imposition of an optimal tariff.

(d) market Failure arguments tend to support free-trade policy.

(e) there is no such thing as national welfare.

Answer: E

11. The simple model of competition among political parties long used by political scientists tends to

lead to the practical solution of selecting the

(a) optimal tariff.

(b) prohibitive tariff.

(c) zero (free-trade) tariff.

(d) the tariff rate favored by the median voter.

(e) None of the above.

Answer: D

12. The median voter model

(a) works well in the area of trade policy.

(b) is not intuitively reasonable.

(c) tends to result in biased tariff rates.

(d) does not work well in the area of trade policy.

(e) None of the above.

Answer: D

13. The fact that trade policy often imposes harm on large numbers of people, and benefits only a few

may be explained by

(a) the lack of political involvement of the public.

(b) the power of advertisement.

(c) the problem of collective action.

(d) the basic impossibility of the democratic system to reach a fair solution.

(e) None of the above.

Answer: C

98 Krugman/Obstfeld ?Seventh Edition

14. Protectionism tends to be concentrated in two sectors:

(a) agriculture and clothing.

(b) high tech and national security sensitive industries.

(c) capital and skill intensive industries.

(d) industries concentrated in the South and in the Midwest of the country.

(e) None of the above.

Answer: A

15. Judging by the changes in the height of tariff rates in major trading countries, the world has been

experiencing a great

(a) trade liberalization.

(b) surge of protectionism.

(c) lack of progress in the trade-policy area.

(d) move towards regional integration.

(e) None of the above.

Answer: A

16. The World Trade Organization (WTO) was organized as a successor to the

(a) IMF.

(b) UN.

(c) UNCTAD.

(d) GATT.

(e) The World Bank.

Answer: D

17. The WTO was established by the ____________of multilateral trade negotiations.

(a) Kennedy Round

(b) Tokyo Round

(c) Uruguay Round

(d) Dillon Round

(e) None of the above.

Answer: C

18. The Smoot-Hawley Tariff Act of 1930 has generally been associated with

(a) falling tariffs.

(b) free trade.

(c) intensifying the worldwide depression.

(d) recovery from the worldwide depression.

(e) Non-tariff barriers.

Answer: C

Chapter 9 The Political Economy of Trade Theory 99 19. A trade policy designed to alleviate some domestic economic problem by exporting it to foreign

countries is know as a(n)

(a) international dumping policy.

(b) countervailing tariff policy.

(c) beggar thy neighbor policy.

(d) trade adjustment assistance policy.

(e) None of the above.

Answer: C

20. The General Agreement on Tariffs and Trade and the World Trade Organization have resulted in

(a) termination of export subsidies applied to manufactured goods.

(b) termination of import tariffs applied to manufactures.

(c) termination of import tariffs applied to agricultural commodities.

(d) termination of international theft of copyrights.

(e) None of the above.

Answer: E

21. The General Agreement on Tariffs and Trade and the World Trade Organization have resulted in

(a) the establishment of universal trade adjustment assistance policies.

(b) the establishment of the European Union.

(c) the reciprocal trade clause.

(d) reductions in trade barriers via multilateral negotiations.

(e) None of the above.

Answer: D

22. Trade theory suggests that Japan would gain from a subsidy the United States provides its grain

farmers if the gains to Japanese consumers of wheat products more than offsets the losses to

Japanese wheat farmers. This would occur as long as Japan

(a) is a net importer in bilateral trade flows with the United States.

(b) is a net importer of wheat.

(c) has a comparative advantage in wheat.

(d) has an absolute advantage in producing wheat.

(e) None of the above.

Answer: B

23. Countervailing duties are intended to neutralize any unfair advantage that foreign exporters might

gain because of foreign

(a) tariffs.

(b) subsidies.

(c) quotas.

(d) Local-Content legislation.

(e) None of the above.

Answer: B

100 Krugman/Obstfeld ?Seventh Edition

24. Throughout the post-World War II era, the importance of tariffs as a trade barrier has

(a) increased.

(b) decreased.

(c) remained the same.

(d) fluctuated wildly.

(e) demonstrated a classic random walk with a mean-reversion tendency.

Answer: B

25. In 1980 the United States announced an embargo on grain exports to the Soviet Union in response to

the Soviet invasion of Afghanistan. This embargo was mainly resisted by

(a) U.S. grain consumers of bread.

(b) U.S. grain producers.

(c) foreign grain producers.

(d) U.S. communists.

(e) None of the above.

Answer: B

26. Export embargoes cause greater losses to consumer surplus in the target country

(a) the lesser its initial dependence on foreign produced goods.

(b) the more elastic is the target country’s demand schedule.

(c) the more elastic is the target country’s domestic supply.

(d) the more inelastic the target country’s supply.

(e) None of the above.

Answer: D

27. The strongest political pressure for a trade policy that results in higher protectionism comes from

(a) domestic workers lobbying for import restrictions.

(b) domestic workers lobbying for export restrictions.

(c) domestic workers lobbying for free trade.

(d) domestic consumers lobbying for export restrictions.

(e) domestic consumers lobbying for import restrictions.

Answer: A

28. The average tariff rate to data on dutiable imports in the United States is approximately

(a) 5 % of the value of imports.

(b) 15% of the value of imports.

(c) 20 % of the value of imports.

(d) 25% of the value of imports.

(e) more than 25% of the value of imports.

Answer: A

Chapter 9 The Political Economy of Trade Theory 101 29. In 1990 the United States imposed trade embargoes on Iraq’s international trade. This would induce

smaller losses in Iraq’s consumer surplus the

(a) less elastic Iraq’s demand schedule.

(b) more elastic Iraq’s demand schedule.

(c) greater is Iraq’s dependence on foreign products.

(d) more inelastic is Iraq’s supply schedule.

(e) None of the above.

Answer: B

30. The World Trade Organization provides for all of the following except

(a) the usage of the most favored nation clause.

(b) assistance in the settlement of trade disagreements.

(c) bilateral tariff reductions.

(d) multilateral tariff reductions.

(e) None of the above.

Answer: C

31. Which organization determines procedures for the settlement of international trade disputes?

(a) World Bank

(b) World Trade Organization

(c) International Monetary Organization

(d) International Bank for Reconstruction and Development

(e) The League of Nations

Answer: B

32. The WTO’s int ervention against clean air standards

(a) has earned it universal approval.

(b) was done in order to limit national sovereignty.

(c) has resulted in much criticism.

(d) has resulted in much criticism among professional economists.

(e) None of the above.

Answer: C

33. Under U.S. commercial policy, the escape clause results in

(a) temporary quotas granted to firms injured by import competition.

(b) tariffs that offset export subsidies granted to foreign producers.

(c) a refusal of the U.S. to extradite anyone who escaped political oppression.

(d) tax advantages extended to minority-owned exporting firms.

(e) tariff advantages extended to certain Caribbean countries in the U.S. market.

Answer: A

102 Krugman/Obstfeld ?Seventh Edition

34. Under U.S. commercial policy, which clause permits the modification of a trade liberalization

agreement on a temporary basis if serious injury occurs to domestic producers as a result of the

agreement?

(a) Adjustment assistance clause

(b) Escape clause

(c) Most favored nation clause

(d) Prohibitive tariff clause

(e) None of the above.

Answer: B

35. Today U.S. protectionism is concentrated in

(a) high tech industries.

(b) labor-intensive industries.

(c) industries in which Japan has a comparative advantage.

(d) computer intensive industries.

(e) capital-intensive industries.

Answer: B

36. The reason protectionism remains strong in the United States is that

(a) economists can produce any result they are hired to produce.

(b) economists cannot persuade the general public that free trade is beneficial.

(c) economists do not really understand how the real world works.

(d) the losses associated with protectionism are diffuse, making lobbying by the public impractical.

(e) None of the above.

Answer: D

37. An issue never confronted effectively by GATT, but considered an important issue for WTO

is that of

(a) the promotion of freer World trade

(b) the promotion of freer World commodity trade

(c) the promotion of freer World services trade

(d) the lowering of tariff rates

(e) None of the above.

Answer: C

38. The political wisdom of choosing a tariff acceptable to the median U.S. voter is

(a) a good example of the principle of the second best.

(b) a good example of the way in which actual tariff policies are determined.

(c) a good example of the principle of political negotiation.

(d) is not evident in actual tariff determination.

(e) None of the above.

Answer: D

Chapter 9 The Political Economy of Trade Theory 103 39. A game-theory explanation of the paradox that even though all countries would benefit if each chose

free trade, in fact each tends to follow protectionist policies is

(a) Trade war

(b) Collective action

(c) Prisoner’s dilemma

(d) Benefit—Cost analysis

(e) None of the above.

Answer: C

40. When the U.S. placed tariffs on French wine, France placed high tariffs on U.S. chickens. This is an

example of:

(a) deadweight losses

(b) multilateral negotiations

(c) bilateral trade negotiations

(d) international market failures

(e) none of the above

Answer: E

41. The quantitative importance of U.S. protection of the domestic clothing industry is best explained

by the fact that

(a) this industry is an important employer of highly skilled labor

(b) this industry is an important employer of low skilled labor

(c) most of the exporters of clothing into the U.S. are poor countries.

(d) a politically well organized sector in the U.S.

(e) None of the above

Answer: D

Essay Questions

1. Developing countries have often attempted to establish cartels so as to counter the actual or

perceived inexorable downward push on the prices of their exported commodities. OPEC is the best well known of these. How are such cartels expected to help the developing countries? At times

importing countries profess support for such schemes. Can you think of any logical basis for such support? How are cartels like monopolies, and how are they different from monopolies. Why is

there a presupposition among economists that such schemes are not likely to succeed in the long run?

Answer: Such cartels are expected to shift the exporters’ terms of trade in their favor. Also they are expected to produce the maximum profit, which the market will bear. Importing countries

may benefit from the price stability generated by the cartel. Cartels are like monopolies in

that their total output is the same as that which would be generated by a single monopoly.

They differ from monopolies in that the monopoly profits need to be divided among the

producing countries, which have different cost structures.

104 Krugman/Obstfeld ?Seventh Edition

2. The United States appears at times to have a totally schizophrenic attitude toward protectionism.

The United States was the country that proposed the establishment of the World Trade Organization as early as the late 1940s, and was also the only industrialized country that refused to ratify this at that time. The United States has consistently argued on the side of multinational free trade in GATT Rounds, and yet maintains many protectionist laws such as those which reserve oil shipments from Alaska to U.S. flag carriers. How can you explain this apparent lack of national consistency on this issue?

Answer: This reflects the fact that international trade typically has many winners and relatively fewer, but politically powerful losers. Short of guaranteed (constitutional?) non-

conditional compensatory mechanisms, the basic conflict between these two groups will

always be there.

3. Presumably, since the United States is a large country in many of its international markets, a

positive optimum tariff exists for this country. It follows therefore that when any legislator or

government official who promotes zero-tariff free trade policies, is by definition not acting in the public’s best interest. Discuss.

Answer: Technically this is true. However, this is true only within the context of a generally myopic view of international relations. If the tariff imposing country is large enough to

make a substantial difference in its welfare by seeking an optimum tariff, then it cannot

hope to remain invisible, as its policies are substantially harming its trade partners.

Foreign repercussions are almost a certainty. In such a “game” it is not at all certain that

seeking the optimum tariff dominates alternative strategies.

4. It may be demonstrated that any protectionist policy, which effectively shifts real resources to

import competing industries or sectors will harm export industries or sectors. This may, for example, happen by the strengthening U.S. dollar in the foreign exchange market. Would you propose

therefore that export industries lobby against protectionism in International Trade Commission

proceedings? What of consumer advocates? Discuss the pros and the problems of such a suggestion.

Answer: Actually this is an interesting idea. It is well known that the public interest is put on hold as the ITC considers only the squeaky wheels of those allegedly hurt by trade. While

“consumers” may be too amorphous a group to successfull y organize and pursue a

political agenda, the exporters and consumer advocates may be able to form a counter

weight to the import competing industries.

5. It is argued that the United States would be foolish to maintain a free-trade stance in a world in

which all other countries exploit child or prisoner labor, or are protectionist. On the other hand,

Ricardo’s classic demonstration of the sources and effects of comparative advantage cogently

demonstrates that regardless of other country policy, free trade remains the first best policy for a country to follow, since it will maximize its consumption possibilities (conditional upon other

country policies). Explain. Discuss the contradiction with the argument in the preceding paragraph.

Answer: In the context of the Ricardian model, it is true that gains from trade are strictly a result of world terms of trade, which differ from domestic marginal rates of substitution. In such a

world, the reason why foreign goods are cheap is of no concern to domestic consumers.

However, in a world which allows for large-scale labor migration, ignoring labor

conditions abroad may ultimately result in living standards for domestic workers to be

dragged down.

Chapter 9 The Political Economy of Trade Theory 105 6. It has been claimed that foreign governments have attempted to influence votes in the U.S. that

would promote policies of protectionism within the U.S. On the surface this appears to be totally illogical and counter intuitive, as this would presumably lessen the possibilities of foreigners’

exports to the U.S.

Answer: This would make sense only if the form of protectionism is a tariff. However, if it is a quota, then the scarcity rents may be captured by established foreign producers. Hence,

the reaction of the Japanese to automobile quotas was to dramatically increase the high-

end, highly profitable automobiles. This would be even more self-evident if the

protectionism took the form of a Voluntary Export Restraint (VER), or a detailed

formalized bilateral cartel, such as the old Multi-Fibre Agreement.

Quantitative/Graphing Problems

Assume that Boeing (U.S.) and Airbus (European Union) both wish to enter the Hungarian market with the next new generation airliner. They both have identical cost and demand conditions (as

indicated in the graph above).

1. Assume that Boeing is the first to enter the Hungarian market. Without a government subsidy what

price would they demand, and what would be their total profits?

Answer: $12 Million, $16

2. What is the consumer surplus enjoyed by Hungarian consumers of Boeing aircraft in the above

situation?

Answer: $8 Million

3. Suppose the European government provides Airbus with a subsidy of $4 for each airplane sold, and

that the subsidy convinces Boeing to exit the Hungarian market. Now Airbus would be the

monopolist in this market. What price would they charge, and what would be their total profits?

Answer: $10 Million, and $36 Million

106 Krugman/Obstfeld ?Seventh Edition

4. What would be the cost of the subsidy to European taxpayers?

Answer: $24 Million

5. What happens to the Consumer Surplus of Hungarian customers as a result of this subsidy?

Answer: An increase of $10 Million.

6. What is the revenue gain or loss for Europe as a whole (including taxpayers)?

Answer:A gain of $12 Million.

7. The U.S. producer Boeing, and the European Airbus are contemplating the next generation mid-

sized fuel efficient generation of air carrier. If both produce their respective models, then each

would lose $50 million (because the world market is just not large enough to enable either to capture potential scale economies if they had to share the world market). If neither produce, then each one’s net gain would of course be zero. If either one produces while the other does not, then the producer will gain $500 million.

(a) What is the correct strategy for either company?

Answer: enter the market first. Then the other company knows that if it also enters, it will not be able to cover costs.

(b) What is the correct strategy for a government seeking to maximize national economic welfare?

Answer: Subsidize its producer. If this allows it to enter first, then we get the same solution as answer (a) above.

(c) If a national government decides to subsidize its aircraft producer, how high should be the

subsidy?

Answer: Any figure above $50 million (e.g. $55 million). This would promise positive profits regardless of the decision of the competitor. The “winner” then may turn out to be that

country whose voters are least sensitive to on-the-books, transparent subsidies given to

rich corporations (these subsidies will have to continue year after year until the other

country stops its subsidies).

克鲁格曼国际经济学第八版上册课后答案Word版

Chapter 3 Labor Productivity and Comparative Advantage: The Ricardian Model Chapter Organization The Concept of Comparative Advantage A One-Factor Economy Production Possibilities Relative Prices and Supply Trade in a One-Factor World Box: Comparative Advantage in Practice: The Case of Babe Ruth Determining the Relative Price after Trade The Gains from Trade A Numerical Example Box: The Losses from Non-Trade Relative Wages Misconceptions about Comparative Advantage Productivity and Competitiveness The Pauper Labor Argument Exploitation Box: Do Wages Reflect Productivity? Comparative Advantage with Many Goods Setting Up the Model Relative Wages and Specialization Determining the Relative Wage with a Multigood Model Adding Transport Costs and Non-Traded Goods Empirical Evidence on the Ricardian Model Summary

国际经济学作业答案第一章

Chapter 1 Introduction Multiple Choice Questions Historians of economic thought often describe ___________ written by _______ and published in __________ as the first real exposition of an economic model. “Of the Balance of Trade,” David Hume, 1776 “Wealth of Nations,” David Hume, 1758 “Wealth of Nations,” Adam Smith, 1758 “Wealth of Nations,” Adam Smith, 1776 “Of the Balance of Trade,” David Hume, 1758 Answer: E From 1959 to 2000, the U.S. economy roughly tripled in size. U.S. imports roughly tripled in size. the share of US Trade in the economy roughly tripled in size. U.S. Imports roughly tripled as compared to U.S. exports. U.S. exports roughly tripled in size. Answer: C The United States is less dependent on trade than most other countries because the United States is a relatively large country. the United States is a “Superpower.” the military power of the United States makes it less dependent on anything. the United States invests in many other countries. many countries invest in the United States. Answer: A Ancient theories of international economics from the 18th and 19th Centuries are: not relevant to current policy analysis. are only of moderate relevance in today’s modern international economy. are highly relevant in today’s modern internationa l economy. are the only theories that actually relevant to modern international economy. are not well understood by modern mathematically oriented theorists. Answer: C

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三、名词解释 1.生产者剩余 答:生产者剩余是指生产者愿意接受的价格和实际接受的价格之间的差额。 2.罗伯津斯基定理 答:罗伯津斯基定理是指在生产两种产品的情况下,如果商品的国际比价保持不变,一种生产要素增加所导致的密集使用该生产要素的产品产量增 加,会同时减少另外一种产品的产量。 3.产品生命周期 答:产品生命周期是指新产品经历发明、应用、推广到市场饱和、产品衰落,进而被其他产品所替代四个阶段。 4.购买力平价 答:购买力平价是指两种货币之间的汇率决定于它们单位货币购买力之间的比例。 5.市场内部化 答:市场内部化是指企业为减少交易成本,减少生产和投资风险,而将该跨国界的各交易过程变成企业内部的行为。 6.黄金输送点 答:黄金输送点包括黄金输入点和黄金输出点,是黄金输入、输出的价格上限和下限,它限制着一个国家货币对外汇率的波动幅度。 7.要素禀赋 答:要素禀赋,即要素的丰裕程度,是指在不同国家之间,由于要素的稀缺程度不同导致的可利用生产要素价格相对低廉的状况。赫克歇尔-俄林 定理认为,要素禀赋构成一个国家比较优势的基础 8.比较优势 答:比较优势也称为比较成本或比较利益,是由英国古典经济学家大卫李·嘉图提出的。李嘉图通过两个国家两种产品的模型阐明,比较优势是一国 在绝对优势基础上的相对较大的优势,在绝对劣势基础上的相对较小的 劣势,遵循“两利相权取其重,两弊相衡取其轻”的原则。根据各自的 比较优势来来确定国际分工并进行贸易往来,双方便都可以获得比较利 益。 9.人力资本 答:所谓人力资本是资本与劳动力结合而形成的一种新的生产要素,然们通过劳动力进行投资(如进行教育、职业培训、保健等),可以提高原有 劳动力的素质和技能,劳动生产率得到提升,从而对一个国家参加国际 分工的比较优势产生作用与影响。 10.布雷顿森林体系 答:布雷顿森林体系是指从第二次世界大战结束到1971年所实行的金汇兑本位制。这一以美元为中心的固定汇率制度的特征简而言之便是“美元

克鲁格曼《国际经济学》第八版课后答案(英文)-Ch06

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国际经济学作业答案

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