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ID:12535763
大小:1.06 MB
页数:21页
时间:2018-07-17
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1、Chapter9/Application:InternationalTrade❖1799APPLICATION:INTERNATIONALTRADEWHAT’SNEWINTHESEVENTHEDITION:AnewIntheNewsfeatureon“ThreatstoFreeTrade”hasbeenadded.LEARNINGOBJECTIVES:Bytheendofthischapter,studentsshouldunderstand:Øwhatdetermineswhetheracountryimportsorexportsagood.Øwhow
2、insandwholosesfrominternationaltrade.Øthatthegainstowinnersfrominternationaltradeexceedthelossestolosers.Øthewelfareeffectsoftariffsandimportquotas.Øtheargumentspeopleusetoadvocatetraderestrictions.CONTEXTANDPURPOSE:Chapter9isthirdinathree-chaptersequencedealingwithwelfareeconomic
3、s.Chapter7introducedwelfareeconomics:thestudyofhowtheallocationofresourcesaffectseconomicwell-being.Chapter8appliedthelessonsofwelfareeconomicstotaxation.Chapter9appliesthetoolsofwelfareeconomicsfromChapter7tothestudyofinternationaltrade,atopicthatwasfirstintroducedinChapter3.Thep
4、urposeofChapter9istousewelfareeconomicstoaddressthegainsfromtrademorepreciselythaninChapter3,whichdiscussedcomparativeadvantageandthegainsfromtrade.Thischapterdevelopstheconditionsthatdeterminewhetheracountryimportsorexportsagoodanddiscusseswhowinsandwholoseswhenacountryimportsore
5、xportsagood.Thischapterwillshowthatwhenfreetradeisallowed,thegainsofthewinnersexceedthelossesofthelosers.Becausetherearegainsfromtrade,restrictionsonfreetradereducethegainsfromtradeandcausedeadweightlossessimilartothosegeneratedbyatax.©2012CengageLearning.AllRightsReserved.Maynotb
6、escanned,copiedorduplicated,orpostedtoapubliclyaccessiblewebsite,inwholeorinpart.Chapter9/Application:InternationalTrade❖179KEYPOINTS:·Theeffectsoffreetradecanbedeterminedbycomparingthedomesticpricewithouttradetotheworldprice.Alowdomesticpriceindicatesthatthecountryhasacomparative
7、advantageinproducingthegoodandthatthecountrywillbecomeanexporter.Ahighdomesticpriceindicatesthattherestoftheworldhasacomparativeadvantageinproducingthegoodandthatthecountrywillbecomeanimporter.·Whenacountryallowstradeandbecomesanexporterofagood,producersofthegoodarebetteroff,andco
8、nsumersofthegoodareworseoff.Whena
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