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第五章 International Trade

1、Translate the following words and expressions from English into Chinese.primary commodities 简答题 1分

2、Translate the following words and expressions from English into Chinese.absolute advantage 简答题 1分

3、Translate the following words and expressions from English into Chinese.comparative advantage 简答题 1分

4、Translate the following words and expressions from English into Chinese.Scarce resources 简答题 1分

5、Fill in each of the following blanks with an appropriate word: (Some words are given the first letter or letters.International trade, where goods and services move ac ( 1) borders, is often explained by the theory of comparative advantage, also c (2) the comparative cost theory, This theory was developed by David Ricardo and o (3) economists in the nineteenth century. It emphasizes that different countries ( 4) regions have different production possibilities. The theory points ( 5) that trade between countries can be profitable for all, e ( 6) if one of the countries can produce every commodity more cheaply.As I ( 7) as there are minor, relative differences in the efficiency of producing ( 8 ) commodity, even the poor country can have a comparative advantage i ( 9) producing it. The idea can be illustrated by this example. The best lawyer in town is also the best typist in town. Since he cannot a ( 10) to give up pre cious time (11) legal affairs, a typist is hired who may be less efficient than the lawyer in b ( 12) legal and typing matters. As the typist's comparative disadvantage is least in typing, he thus has a rel ( 13) comparative advantage in typing. 简答题 10分

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