商务英语阅读(第二版) 王关富 unit 6 goodbye, free trade 课后答案

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1、Unit6Goodbye,FreeTrade?Exercises1.Answerthequestionsonthetext.1)WhatwastheresultwhentheHouseofRepresentativespassedtheHawley-SmootTariffActin1930?TheeconomicrecessionintheUnitedStatesbecameevenworse.2)Accordingtotheauthor,whathappenswhenacurrencyappreciates?Itdiminishestheexpor

2、tadvantageofthecountryandmakesitdifficulttoincreaseexportsorevenmaintainthestatusquo.3)HowdidAmericanpoliticianstakeadvantageofthepublic’sstronganti-free-tradesentimentintheUnitedStates?Theycreatedatalkingpointinchargesofunfairtradesothattheythoughttheycouldbenefitinthemid-term

3、elections.4)WhatdidAmericanpoliticiansandeconomistsagreeanddisagreeovertheHawley-SmootTariffAct?Almostallofthemagreedthatitwasabadlaw,buttheydisagreedwhetherittriggeredtheGreatDepressioninthe1930s.5)WhatdidMiltonFriedmanthinkwerethemoreimportantreasonsfortheGreatDepression?Them

4、alfunctioninggoldstandardsystemandineptmonetarypolicyoftheFederalReserve.6)WhatwastheforeignreactionunexpectedbytheAmericanlawmakersaftertheHawley-SmootTariffActwasenacted?ThetradingpartnerswereangeredandimposeddiscriminatorytariffsonAmericangoods.Canadainparticular,asthelarges

5、texportmarketfortheUS,reactedfiercelyandhandeditsmarketovertotheBritishcompetitors.7)WhyisitunlikelyfortheUStoadoptanotherSmoot-Hawleytodayintheeyeoftheauthor?(1)TheUSismuchmoreintegratedintotheworldeconomytodaythanitwasinthe1930s.(2)Importrestrictionsseldomachievetheirintended

6、goals,instead,oftenenduphurtingAmericanindustriesandconsumers.(3)TheAmericanshavelearnedtoconsiderthepossiblestrongforeignretaliationagainstUSexporters.8)Whatweretherespectiveresultsforthosecountrieswithdrawingfromthegoldstandardandthoseclingingtoitduringthe1930saccordingtothea

7、uthor?Thosecountriesgoingoffthegoldstandardallowedtheircurrenciestodepreciate,avoidedprotectionisttradepoliciesand,instead,usedmonetarypolicytoendpricedeflationandstimulateeconomicgrowth.Thosecountrieschoosingtostayonpursuedprotectionisttradepoliciesbyimposinghightariffs,import

8、quotasandexchangecontrols,whichdidlittleinboostingthei