国际经济学作业international economics (Assignment).pdfVIP

Assignment

[1]2.WhenthevalueoftheUSdollarfallsinrelationstothecurrenciesofother

nations,whatdoyouthinkwillhappentothequantityofUS

(a)imports?

(b)exports?

Answer:

(a)WhenthevalueoftheU.S.dollarfallsinrelationtothecurrenciesofothernations,

importsbecomemoreexpensiveforAmericansandsotheywouldpurchasea

smallerquantityofimports.

(b)WhenthevalueoftheU.S.dollarfallsinrelationtothecurrenciesofothernations,

exportsbecomechapterforforeignersandsotheywouldpurchaseagreater

quantityofU.S.exports.

[2]5.(a)Howdointernationaleconomicrelationsdifferfrominterregionaleconomic

relations?

(b)Inwhatwayaretheysimilar?

Answer:

(a)Restrictionsimposedontheflowofgoods,services,andfactorsacrosstheir

borders,butnotinternally.

Internationalflowsaretosomeextenthamperedbydifferencesinlanguage,

customs,andlaws

Internationalflowsofgoods,services,resourcesgiverisetopaymentsandreceipts

inforeigncurrencies,whichchangeinvalueovertime

(b)Bothinternationalandinterregionaleconomicrelationsinvolvetheovercomingof

spaceordistance.Indeed,theybotharisefromtheproblemscreatedbydistance.

Thisdistinguishesthemfromtherestofeconomics,whichabstractsfromspaceand

treatstheeconomyasasinglepointinspace,inwhichproduction,exchange,and

consumptiontakeplace.

[3]15.Table2.5showsbushelsofwheatandtheyardsofcloththattheUSandthe

UKcanproducewithonehouroflabortimeunderfourdifferenthypothetical

situation.Ineachcase,identifythecommodityinwhichtheUSandUKhavean

absoluteadvantageordisadvantage?

Table2.5