1989-12-31

刊特機

香港發展作再献。

六少圍亦展開爭取居英難的活動。

,却備受爭論:

改善工作條件,工業行動此起彼落。另一項港人關心的新聞爲越南船民問題,最近港府實施當然返由於九七期近,公務員及部份私人機構員工紛紛爭取退休福利及

反窯治術,鹽示世人若英輕心菜, 的「人橋港接兩大行」,只有約四千名市民參加,

士、管理人文、及紅人才、粘律部隊、公務員。

用的外形,不過程,就開到高在上的許一添作用,稱「常規」戒律名。傳入中國後,漢族怡均

洪人擊有關公布反應不一,更有人抵心如北方案,寺院共同遵守。它對郛門母上術次編烕谱,分為恆分(夾),

「說這動,一些號稱全都人爭取居英雄作保障的議員,也有人因此受说,男的有二百五十條,

血的比例也較小,六大戲低了受檢血的局,龄出耍猴探至八成,結果大门成,術時

·之血液損失怪大減,臂和非受到的「力」也降低,而且,過該沒有受到污染的危險,

女的有三百四十八條,甜之「大

「賀讓路相無結束第八次訪進之行會見記曾時發表了二,則表示對此方案表示散運。

| 十戒爲一不殺生,不偷盜,三惑」。

使體溫大幅度降低,

‘另一種方法是把病人的線代,無需担心的潮是否記對愛合。

日期星

日一對月二十(九八九一)年八十七國民華中

International Trade

5. Import can clear the market locally if there is excess demand.

Market equilibrium and price stability can be achieved.

6. Nations discuss trade affairs based on mutual benefit and goodwill. Peace and

armony may be possible.

1. Specialisation leads to a certain degree of dependence. A nation may be relying

too much on others.

2. Less developed countries (LDCs) & developing countries face with unfavourable

terms of trade the ratio of export to import.

3. Irade berriers hinder the development of trade.

4. Devaluatior or revaluation of currency may.affect the exchange rates, the prices

and the terms of trade. The exchange rate system affects the exchange rate and thus the export and import prices.

(21

日四初月二十年巳己曆夏

報日僑華

Contents

Advantages

1990 NUS

Economic E& Public Affair(13}

M. T. Kwok

bifficulties

International Trade

MILL & EME PRESS

International Trade

A. Causes and Effects of Trade

True beans the exchange of goods and services between buyers and sellers. Entomation trade refers to the exchange of goods and services among different. nations.

The market covers the whole world instead of trade within the country.

f.Variaal resources and unevenly distributed. bifferent rations. have different

resignce endowments.

The amount of resources will affect the production level and the types of goods nd services produced.

Na Sons cannot be self-sufficient and have to trade with others.

2. International trade increases the scope and possibility of market exchange.

Mure types and quantity of goods are produced.

Kort competition increases the quality of goods. Our standard of living can be

na sed.

3. Production depends on the degree of specialisation.

mialisation creates trade. A nation has to trade with others for the goods

Specialisation lowers and services that it has not produced or cannot produce. The piqibility of self-sufficiency and increases mutual dependence.

1. Production can be increased by specialisation.

2. Special sation leads to large scale of production. Economies of scale can lower

the cast of production. Mare types of goods and services, lead to a higher standard of living.

3. international trade expands the size of market and further gives chance to

specialisation. There is strenger incentive to invest.

4. Fom the, tratied goods, tedhnclugy is learnt and technology of a nation develops

Faster,

Principles

1. Absolute Advantage

A nation is said to have an absolute advantage in the production of a good if t can produce the good for services) more than another nation with the sume encunt of resources or cost.

2. Comparative Advantage

When a nation has a lower opportunity cost in producing a good, it is said to have comparative advantage on that good. Total amount of output can be increased after specialisation of production on that good.

Conclusion

Every nation has different types of resources so that the output level is different. The theory of comparative advantage can help each nation to decide which type of goods to proiluce so as to increase the total output level through specialisation, Specialisation increases the degree of mutual dependence among nations and creates trade. The development of international trade comes up with getter living standard as a

whole.

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