商务英语阅读第二版 王关富 Unit 6 Goodbye Free Trade 课后答案.pdf

商务英语阅读(第二版)-王关富

-Unit-6-Goodbye--Free-Trade课后答案-

Unit6

Goodbye,FreeTrade?

Exercises

1.Answerthequestionsonthetext.

1)WhatwastheresultwhentheHouseofRepresentativespassedthe

Hawley-SmootTariffActin1930?

TheeconomicrecessionintheUnitedStatesbecameevenworse.

2)Accordingtotheauthor,whathappenswhenacurrencyappreciates?

Itdiminishestheexportadvantageofthecountryandmakesitdifficultto

increaseexportsorevenmaintainthestatusquo.

3)HowdidAmericanpoliticianstakeadvantageofthepublicsstrong

anti-free-tradesentimentintheUnitedStates?

Theycreatedatalkingpointinchargesofunfairtradesothattheythought

theycouldbenefitinthemid-termelections.

4)WhatdidAmericanpoliticiansandeconomistsagreeanddisagreeoverthe

Hawley-SmootTariffAct?

Almostallofthemagreedthatitwasabadlaw,buttheydisagreedwhetherit

triggeredtheGreatDepressioninthe1930s.

5)WhatdidMiltonFriedmanthinkwerethemoreimportantreasonsforthe

GreatDepression?

Themalfunctioninggoldstandardsystemandineptmonetarypolicyofthe

FederalReserve.

6)WhatwastheforeignreactionunexpectedbytheAmericanlawmakersafter

theHawley-SmootTariffActwasenacted?

Thetradingpartnerswereangeredandimposeddiscriminatorytariffson

Americangoods.Canadainparticular,asthelargestexportmarketforthe

US,reactedfiercelyandhandeditsmarketovertotheBritishcompetitors.

7)WhyisitunlikelyfortheUStoadoptanotherSmoot-Hawleytodayintheeye

oftheauthor?

(1)TheUSismuchmoreintegratedintotheworldeconomytodaythanit

wasinthe1930s.

(2)Importrestrictionsseldomachievetheirintendedgoals,instead,often

enduphurtingAmericanindustriesandconsumers.

(3)TheAmericanshavelearnedtoconsiderthepossiblestrongforeign

retaliationagainstUSexporters.

8)Wha