国际经济学英文版名词解释-附有中文解释.doc

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1、Four short words sum up what has lifted most successful individuals above the crowd: a little bit more.-author-date国际经济学英文版名词解释-附有中文解释1 Absolute advantage: The greater efficiency that one nation may have over another in the production of a commodity.This was the basis for trade for Adam Smith.1 Abso

2、lute advantage: 绝对优势 The greater efficiency that one nation may have over another in the production of a commodity.This was the basis for trade for Adam Smith.2 Ad valorem tariff: 从价税 A tariff expressed as a fixed percentage of the value of a traded commodity.3 Balance of payments: 收支平衡 A summary st

3、atement of all the international transactions of the residents of a nation with the rest of the world during a particular period of time,usually a year.4 Balanced growth: 均衡增长 Equal rates of factor growth and technological progress in the production of both commodities.5 Buffer stocks: 缓冲存货The type

4、of international commodity agreement that involves the purchase of the commodity(to be added to the stock)when the commodity price falls below an agreed minimum price,and the sale of the commodity out of the stock when the commodity price rises above the established maximum price.6 Constant opportun

5、ity costs: 机会成本不变The constant amount of a commodity that must be given up to produce each additional unit of another commodity.7 Community indifference curve: 社会无差异曲线The curve that shows the various combinations of two commodity yielding equal satisfaction to the community or nation.Community indiff

6、erence curves are negatively sloped,convex from the origin,and should not cross.8 Compound tariff: 混合关税A combination of an ad valorem and a specific tariff.9 Customs union: 关税同盟Removes all barriers on trade among members and harmonizes trade policies toward the rest of the world.The best example is

7、the European Union(EU).10 Common market:共同市场 Removes all barriers on trade among members,harmonizes trade policies toward the rest of the world,and also allows the free movement of labor and capital among member nations.An example is the European Union(EU)since January 1,1993.11 Dumping: 倾销 The expo

8、rt of a commodity at below cost or at a lower price than sold domestically.12 Direct investments:直接投资 Real investments in factories,capital goods,land,and inventories where both capital and management are involved and the investor retains control over the use of the invested capital.13 Free trade ar

9、ea:自由贸易区 Removes all barriers on trade among members,but each nation restains its own barriers on trade with nonmembers.The best example are the EFTA,NAFTA,and Mercosur.14 Factor-price equalization(H-O) theorem: 要素禀赋（赫克歇尔俄林）理论 The part of the H-O theory that predicts,under highly restrictive assumpt

10、ions,that international trade will bring about equalization in relative and absolute returns to homogeneous factors across nations.15 Heckscher-Ohlin(H-O) theory: 赫克歇尔俄林理论 The theory that postulates that(1)a nation exports commodities intensive in its relatively abundant and cheap factor and(2)inter

11、national trade brings about equalization in returns to homogeneous factors across countries.16 Interdependence: 相互依赖 The (economic) relationships among nation.17 Increasing opportunity costs: 机会成本递增The increasing amounts of one commodity that a nation must give up to release just enough resources to

12、 produce each additional unit of another commodity.This is reflected in a production frontier that is concave from the origin.18 International cartel: 国际卡特尔 An organization of suppliers of a commodity located in different nations(or a group of governments) that agrees to restrict output and exports

13、of the commodity with the aim of maximizing or increasing the total profits of the organization.An international cartel that behaves as a monopolist is called a centralized cartel.19 Income terms of trade: 收入贸易条件The ratio of the price index of the nations exports to the price index of its imports ti

14、mes the index of the nations volume of exports.20 Immiserizing growth: 悲惨性增长The situation where a nations terms of trade deteriorate so much as a result of growth that the nation is worse off after growth than before,even if growth without trade tends to improve the nations welfare.21 Leontief parad

15、ox:里昂惕夫之谜 The empirical finding that U.S import substitutes were more K intensive than U.S exports.This is contrary to the H-O trade model,which predicts that,as the most K-abundant nation,the United States should import L-intensive products and export K-intensive products.22 Marginal rate of transf

16、ormation(MRT): 边际转换率The amount of one commodity that a nation must give up to produce each additional unit of another commodity.This is another name for the opportunity cost of a commodity and is given by the slope of the production frontier at the point of production.23 Marginal rate of substitutio

17、n(MRS):边际替代率 The amount of one commodity that a nation could give up in exchange for one extra unit of second commodity and still remain on the same indifference curve.It is given by the slope of the community indifference curve at the point of consumption and declines as the nation consumes more of

18、 the second commodity.24 Multinational corporations(MNCs): 跨国公司 Firms that own,control,or manage production and distribution facilities in several countries.25 Optimum tariff:适稅 The rate of tariff that maximizes the benefit resulting from improvement in the nations terms of trade against the negativ

19、e effect resulting from reduction in the volume of trade.26 Pattern of trade: 贸易格局The commodities exported and imported by each nation.27 Production possibility frontier:生产可能性曲线 A curve showing the various alternative combinations of two commodities that a nation can produce by fully utilizing all o

20、f its resources with the best technology available to it. 28 Prohibitive tariff: 禁止性关税A tariff sufficiently high to stop all international trade so that the nation returns to autarky.29 Persistent dumping: 连续性倾销The continuous tendency of a domestic monopolist to maximize total profits by selling the

21、 commodity at a lower price abroad than domestically;also called international price discriminztion.30 Predatory dumping: 掠夺性倾销The temporary sale of commodity at a lower price abroad in order to drive foreign producers out of business,after which prices are raised to take advantage of the newly acqu

22、ired monopoly power abroad.31 Preferential trade arrangements: 优惠贸易安排The loosest from of economic integration;provides lower barriers to trade among participating nations than on trade with nonparticipating nations.An example is the British Commonwealth Preference Scheme.32 Purchase contracts: .购货契约

23、Long-term multilateral agreements that stipulate the minimum price at which importing nations agree to purchase a specified quantity of the commodity and a maximum price at which exporting nations agree to sell specified amounts of the commodity.33 Portfolio investments: 投资组合The purchase of purely f

24、inancial assets,such as bonds and stocks(if the stock purchase represents less than 10 percent of the stock of a corporation),usu34 Stolper-Samuelson theorem: 施托尔珀萨缪尔森定理 It postulates that free international trade reduces the real income of the nations relatively scarce factor and increases the real

25、 income of the nations relatively abundant factor.35 Specific tariff: 从量税 A tariff expressed as a fixed sum per unit of a traded commodity.36 Sporadic dumping: 偶尔倾销The occasional sale of a commodity at a lower price abroad than domestically in order to sell an unforeseen and temporary surplus of the

26、 commodity abroad without having to reduce domestic prices.37 Terms of trade: 贸易条件The ratio of the index price of a nations export to its import commodities.38 Trade creation:贸易创造 Occurs when some domestic production in a member of the customs union is replaced by lower-cost imports from another mem

27、ber nation.This increases welfare.39 Trade diversion:贸易转移 Occurs when lowercost imports from outside the union are replaced by higher-cost imports from another union member.By itself,this reduces welfare.40 Transfer pricing: 转移价格 The overpricing or underpricing of products in the intrafirm trade of multinational corporations in an attempt to shift income and profits from high-to low-tax nations.-