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a) I don’t think so. According to Adam Smith, countries must trade only in case of absolute
advantage in the production of goods.
b) The disadvantage of A. Smith’s theory of absolute cost advantage is that it does not give an
answer to the question why countries trade. D. Ricardo proved that even if a country produced
all commodities more expensively than any other, trade to the benefit of all could take
place provided only that the relative costs of production of the different commodities were
favourable.
c) It seems to me, countries enter the world market on an unequal basis. A developed country
always loses. Conclusion: international trade is dangerous for a backward country, it shouldn’t
be involved in it.
3. World trade expands faster than world output.
a) In my opinion, it is wrong. Production and trade expand or decrease at the same rate. It
cannot be otherwise.
b) Production, as a rule, grows faster than world trade.
c) Yes, it is true. Over the past fifty years, trade has grown on average at about 6 per cent per
annum, about 50 per cent more than world output.
4. In case we have an imperfect form of trade, it is the difference in size (volume) that is refunded.
a) In general, an imperfect form of trade occurs very seldom.
b) I think it is true. When barter trade takes place, one commodity may be more expensive than
the other. In this case the difference is refunded.
c) There is no great difference between an imperfect form and a perfect form of international
trade.
5. Barter is one of the forms of countertrade. A form of barter trade has grown in recent years in the
World.
a) I agree only partially. It goes without saying, the barter is a form of countertrade. As to the
fact that it grows, I don’t think it is true.
b) I believe the barter should be referred to a perfect form of trade, and its size, certainly, grows
world-wide.
c) Yes, it is true. The form of barter has grown in recent years in the USA, Australia and other
countries into a serious business activity.
6. Two main methods of operations are applied in international trade.
a) I don’t think so. All operations are executed in accordance with one principle — through an
intermediary.
b) I know two main methods of operations. They are direct and indirect.
c) I suppose the international trade does not differentiate between the two methods, but it uses
a lot of them. It seems to me, there are five of them.
7. Stockists execute operations on the basis of the commission agreement.
a) Yes, I’ve read about this form of international trade. It is applied to selling large-scale goods.
The exporter credits a stockist—intermediary.
b) The stockist is practically a stockjobber who buys and sells stocks and shares so as to take
advantage of variations in their prices.
c) The stockist is a person who acts on behalf of another person or organization.
Дата публикования: 2014-12-28; Прочитано: 215 | Нарушение авторского права страницы | Мы поможем в написании вашей работы!