国际经济学课后答案克鲁格曼 武大辅修.docx

1、国际经济学课后答案克鲁格曼 武大辅修国际经济学课后答案（克鲁格曼）Chapter 1 of the text presents data demonstrating the growth in trade and increasing importance of international economics. This chapter also highlights and briefly discusses seven themes which arise throughout the book. These themes include: 1) the gains from trade;

2、 2) the pattern of trade; 3) protectionism; 4), the balance of payments; 5) exchange rate determination; 6) international policy coordination; and 7) the international capital market. Students will recognize that many of the central policy debates occurring today come under the rubric of one of thes

3、e themes. Indeed, it is often a fruitful heuristic to use current events to illustrate the force of the key themes and arguments which are presented throughout the text.Chapter2 ANSWERS TO TEXTBOOK PROBLEMS1. a. The production possibility curve is a straight line that intercepts the apple axis at 40

4、0 (1200/3) and the banana axis at 600 (1200/2).b. The opportunity cost of apples in terms of bananas is 3/2. It takes three units of labor to harvest an apple but only two units of labor to harvest a banana. If one foregoes harvesting an apple, this frees up three units of labor. These 3 units of la

5、bor could then be used to harvest 1.5 bananas.c. Labor mobility ensures a common wage in each sector and competition ensures the price of goods equals their cost of production. Thus, the relative price equals the relative costs, which equals the wage times the unit labor requirement for apples divid

6、ed by the wage times the unit labor requirement for bananas. Since wages are equal across sectors, the price ratio equals the ratio of the unit labor requirement, which is 3 apples per 2 bananas. 2. a. The production possibility curve is linear, with the intercept on the apple axis equal to 160 (800

7、/5) and the intercept on the banana axis equal to 800 (800/1). b. The world relative supply curve is constructed by determining the supply of apples relative to the supply of bananas at each relative price. The lowest relative price at which apples are harvested is 3 apples per 2 bananas. The relati

8、ve supply curve is flat at this price. The maximum number of apples supplied at the price of 3/2 is 400 supplied by Home while, at this price, Foreign harvests 800 bananas and no apples, giving a maximum relative supply at this price of 1/2. This relative supply holds for any price between 3/2 and 5

9、. At the price of 5, both countries would harvest apples. The relative supply curve is again flat at 5. Thus, the relative supply curve is step shaped, flat at the price 3/2 from the relative supply of 0 to 1/2, vertical at the relative quantity 1/2 rising from 3/2 to 5, and then flat again from 1/2

10、 to infinity. 3. a. The relative demand curve includes the points (1/5, 5), (1/2, 2), (1,1), (2,1/2). b. The equilibrium relative price of apples is found at the intersection of the relative demand and relative supply curves. This is the point (1/2, 2), where the relative demand curve intersects the

11、 vertical section of the relative supply curve. Thus the equilibrium relative price is 2.c. Home produces only apples, Foreign produces only bananas, and each country trades some of its product for the product of the other country.d. In the absence of trade, Home could gain three bananas by foregoin

12、g two apples, and Foreign could gain by one apple foregoing five bananas. Trade allows each country to trade two bananas for one apple. Home could then gain four bananas by foregoing two apples while Foreign could gain one apple by foregoing only two bananas. Each country is better off with trade. 4

13、. The increase in the number of workers at Home shifts out the relative supply schedule such that the corner points are at (1, 3/2) and (1, 5) instead of (1/2, 3/2) and (1/2, 5). The intersection of the relative demand and relative supply curves is now in the lower horizontal section, at the point (

14、2/3, 3/2). In this case, Foreign still gains from trade but the opportunity cost of bananas in terms of apples for Home is the same whether or not there is trade, so Home neither gains nor loses from trade. 5. This answer is identical to that in 3. The amount of effective labor has not changed since

15、 the doubling of the labor force is accompanied by a halving of the productivity of labor. 6. This statement is just an example of the pauper labor argument discussed in the chapter. The point is that relative wage rates do not come out of thin air; they are determined by comparative productivity an

16、d the relative demand for goods. The box in the chapter provides data which shows the strong connection between wages and productivity. Koreas low wage presumably reflects the fact that Korea is less productive than the United States in most industries. As the test example illustrated, a highly prod

17、uctive country that trades with a less productive, low-wage country will raise, not lower, its standard of living. 7. The problem with this argument is that it does not use all the information needed for determining comparative advantage in production: this calculation involves the four unit labor r

18、equirements (for both the industry and service sectors, not just the two for the service sector). It is not enough to compare only services unit labor requirements. If als als*, Home labor is more efficient than foreign labor in services. While this demonstrates that the United States has an absolut

19、e advantage in services, this is neither a necessary nor a sufficient condition for determining comparative advantage. For this determination, the industry ratios are also required. The competitive advantage of any industry depends on both the relative productivities of the industries and the relati

20、ve wages across industries. 8. While Japanese workers may earn the equivalent wages of U.S. workers, the purchasing power of their income is one-third less. This implies that although w=w* (more or less), pp* (since 3p=p*). Since the United States is considerably more productive in services, service

21、 prices are relatively low. This benefits and enhances U.S. purchasing power. However, many of these services cannot be transported and hence, are not traded. This implies that the Japanese may not benefit from the lower U.S. services costs, and do not face an international price which is lower than

22、 their domestic price. Likewise, the price of services in United States does not increase with the opening of trade since these services are non-traded. Consequently, U.S. purchasing power is higher than that of Japan due to its lower prices on non-traded goods. 9. Gains from trade still exist in th

23、e presence of nontraded goods. The gains from trade decline as the share of nontraded goods increases. In other words, the higher the portion of goods which do not enter international marketplace, the lower the potential gains from trade. If transport costs were high enough so that no goods were tra

24、ded then, obviously, there would be no gains from trade. 10. The world relative supply curve in this case consists of a step function, with as many steps (horizontal portions) as there are countries with different unit labor requirement ratios. Any countries to the left of the intersection of the re

25、lative demand and relative supply curves export the good in which they have a comparative advantage relative to any country to the right of the intersection. If the intersection occurs in a horizontal portion then the country with that price ratio produces both goods.Chapter31. Texas and Louisiana a

26、re states with large oil-producing sectors. The real wage of oil-producing factors of production in terms of other goods falls when the price of oil falls relative to the price of other goods. This was the source of economic decline in these states in 1986. 2. To analyze the economys production poss

27、ibility frontier, consider how the output mix changes as labor is shifted between the two sectors.a. The production functions for goods 1 and 2 are standard plots with quantities on the vertical axis, labor on the horizontal axis, and Q1= Q1(K1,L1) with slope equal to the MPL1, and on another graph,

28、 Q2= Q2(K2,L2) with slope equal to the MPL2.Figure 3-1b. To graph the production possibilities frontier, combine the production function diagrams with the economys allocation of labor in a four quadrant diagram. The economys PPF is in the upper right hand corner, as is illustrated in the four quadra

29、nt diagram above. The PPF is curved due to declining marginal product of labor in each good. 3. a. To solve this problem, one can graph the demand curve for labor in sector 1, represented by (w=MPL1=demand for L1) and the demand curve for labor in sector 2, represented by (w=MPL2=demand for L2) . Si

30、nce the total supply of labor is given by the horizontal axis, the labor allocation between the sectors is approximately L1=27 and L2=73. The wage rate is approximately $0.98.Figure 3-2b. Use the same type of graph as in problem 2b to show that sectoral output is Q1=44 and Q2=90. (This involves comb

31、ining the production function diagrams with the economys allocation of labor in a four quadrant diagram. The economys PPF is in the upper right hand corner, as illustrated in the text.)c. Use a graph of labor demands, as in part a, to show that the intersection of the demand curves for labor occurs

32、at a wage rate approximately equal to $0.74. The relative decline in the price of good 2 caused labor to be reallocated: labor is drawn out of production of good 2 and enters production of good 1 (L1=62, L2=38). This also leads to an output adjustment, whereby production of good 2 falls to 68 units

33、and production of good 1 rises to 76 units.d. With the relative price change from p2/p1=2 to p2/p1=1, the price of good 2 has fallen by 50 percent, while the price of good 1 has stayed the same. Wages have fallen, but by less than the fall in p2 (wages fell approximately 25 percent). Thus, the real wage r