国际经济学中英名词解释
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.
绝对优势：一国在生产一种产品上比另一国家有更大的有效性。这是亚当·斯密自由贸易理论的基础。
Absolute purchasing-power parity theory: Postulates that the equilibrium exchange rate is equal to the ratio of the price levels in the two nations. This version of the PPP theory can be very misleading. 绝对购买力平价理论：假设平衡汇率等于两国的价格水平之比，这一购买力平价理论的解释是不被接受的。
Ad valorem tariff: A tariff expressed as a fixed percentage of the value of a traded commodity.
从价税：一种表示为贸易商品价值的一个固定百分比的税。
Arbitrage: The purchase of a currency in the monetary center where it is cheaper for immediate resale in the monetary center where it is more expensive in order to make a profit.
套利：在某货币较便宜的货币中心购买该货币，立即在另一较贵的货币中心卖掉此货币以谋利的行为。
Balance of payments: A summary statement 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.
国际收支平衡表：在一段特定的时间内，通常为一年，一国居民同世界上其他国家间进行的所有国际交易的汇总表。
Capital account: The change in U.S. assets abroad and foreign assets in the United States, other than official reserve assets. 资本项目：美国在国外资产，外国在美国资产，或其他官方储备资产的变化。 Capital inflow: An increase of foreign assets in the nation or a reduction in the nation’s assets abroad.
资本流入：外国资产在本国的增加或本国资产在外国的减少。
Capital-intensive commodity: The commodity with the higher capital-labor ratio at all relative factor prices.
资本密集型商品：在所有相对要素价格下均具有较高的资本/劳动比率的商品。 Capital outflow: A decrease of foreign assets in the nation or an increases the nation’s assets abroad.
资本流出：在国内的国外资产的减少或在外国的国内资产的增加。
Community indifference curve: The curve that shows the various
combinations of two commodities yielding equal satisfaction to the community or nation. Community indifference curves are negatively sloped, convex from the origin, and should not across.
同一无差异曲线：曲线表示对群体或国家产生相同的满足程度的两种商品的不同组合，它是负斜率，凸向原点，且不相交。
Compound tariff: A combination of an ad valorem and a specific tariff.
复合税：从价税和另一种具体关税的组合。
Constant returns to scale: The condition under which output grows in the same proportion as factor inputs.
不变的规模报酬：产出与要素投入同比例增长的情况。
Consumer surplus: The difference between what consumers are willing to pay for a specific amount of a commodity and what they actually pay for it.
消费者剩余：对某一具体数量的商品，消费者愿意支付的价格与实际支付的价格的差异。
Currency swaps: A spot sale of a currency combined with a forward repurchase of the same currency.
货币互换：即期卖货币，同时远期买同样的货币。
Current account: The account that includes all sales and purchases of currently produced goods and services, income on foreign investments, and unilateral transfers.
经常项目：包括所有购买和出售现已生产出的产品与劳务，外国投资的收入和单方面转移支付。
Credit transactions: Transactions that involve the receipt of payments from foreigners. These include the export of goods and services, unilateral transfers from foreigners, and capital inflow.
贷方交易：包括从外国人那里收款的所有交易，如出口商品和劳务，外国人的单方面转移支付和资本流入。
Debit transactions: Transactions that involve payments to foreigners. These include the import of goods and services, unilateral transfers to foreigners, and capital outflows.
借方交易：包括所有向国外支付的交易，例如，进口国外商品与劳务，向国外方面转移支付和资本外流。
Deficit in the balance of payments: The excess of debits over credits in the current and capital accounts, or autonomous transactions, equal to the net credit balance in the official reserve account, or accommodating transactions.
国际收支逆差：在资本和往来账户中，或自由性交易中，借方超过贷方的部分，等于在官方储备账户或融通性交易的净贷方余额。
Dumping: The export of a commodity at below cost or at a lower price than sold domestically.
倾销：以低于国内商品价格或低于成本的价格出口某产品。
Effective exchange rate: A weighted average of the exchange rates between the domestic currency and the nation’s most important trade partners, with weights given by the relative importance of the nation’s trade with each of these trade partners.
有效汇率：国内货币与本国重要贸易伙伴国货币汇率的加权平均值。根据该家贸易伙伴的相对重要性赋予适当权重。
Equilibrium relative commodity price in isolation: The relative commodity price at which a nation is maximizing its welfare in isolation. It is given by the slope of the common tangent to the nation’s production frontier and indifference curve at the autarky point of production and consumption.
孤立状况下的相对平衡商品价格：一国在孤立状态下使自身财富最大化时的相对商品价格。它由自给自足的生产和消费点处，国家生产可能性曲线和无差异曲线交点的斜率来决定。
Equilibrium-relative commodity price with trade: The common relative commodity price in two nations at which trade is balanced. 贸易条件下商品的相对平衡价格：两国在贸易平衡条件下的相对商品价格。 Exchange rate: The domestic currency price of the foreign currency. 汇率：外国货币的国内价格。
Factor abundance: The factor of production available in greater proportion and at a lower relative price in one nation than in another nation.
要素丰裕度：可利用的生产要素，其在很大程度上比另一国有相对低的价格。 Foreign exchange futures:A forward contract for standardized currency amounts and selected calendar dates traded on an organized market.
外汇期货：一个在有组织的外汇市场上以选定的日期、标准的数量交易的外汇远期合同。
Foreign exchange options: A contract specifying the right to buy or sell a standard amount of a traded currency at or before a stated date. 外汇期权：详细标明在某一指定日期或之前有权而不是有义务买或卖标准数额的交易货币的合同。
Foreign exchange risk: The risk resulting from changes in exchange
rates over time and faced by anyone who expects to make or to receive a payment in a foreign currency at a future date, also called an open position.
外汇风险：由于汇率随时间变动，使那些在未来要以外币支付或收到外币的人面对的风险，也称为头寸。
Forward discount: The percentage per year by which the forward rate on the foreign currency is below its spot rate.
远期贴水：外币远期汇率低于其即期汇率的年百分比。
Forward premium: The percentage per year by which the forward rate on the foreign currency is above its spot rate.
远期升水：外币远期汇率高于其即期汇率的年百分比。
Forward rate: The exchange rate in foreign exchange transactions involving delivery of the foreign exchange one, three, or six months after the contract is agreed markets.
远期汇率：外汇交易过程中按合同规定1个月、3个月或6个月后交割货币的汇率。
General equilibrium analysis: The study of the interdependence that exists among all markets in the economy.
一般均衡分析：研究存在于经济中各市场之间的内部依存关系。
General equilibrium model: An economic model that studies the behavior of all producers, and traders simultaneously.
一般均衡模型：一个同时研究所有生产者、消费者和贸易商行为的经济模型。 Heckscher-Ohlin(H-O) theorem:The part of the Heckscher-Ohlin theory that postulates that a nation will export the commodity intensive in its relatively abundant and cheap factor and import the commodity intensive in its relatively scarce and expensive factor. 赫-俄原理：赫-俄理论假定一国将出口本国相对充足且便宜要素密集的产品，进口本国相对缺乏和昂贵要素密集的产品。
Hedging: The avoidance of a foreign exchange risk (or the covering of an open position).
套期保值：避免外汇汇率风险（或轧平头寸）。
Infant-industry argument: The argument that temporary trade protection is needed to set up an industry and to protect it during its infancy against competition from more established and efficient foreign firms.
幼稚工业保护税：在某行业的发展初期，为抵制成熟而有效的外国公司的竞争而必须采取的暂时的贸易保护。
Labor-intensive commodity: The commodity with the higher
labor-capital ratio (L/K) at all relative factor prices.
劳动密集型产品：在所有相对要素价格条件下有较高的劳力/资本比率的商品。 Law of comparative advantage: Explains how mutually beneficial trade can take place even when one nation is less efficient than, or has an absolute disadvantage with respect to, another nation in the production of all commodities. The less efficient nation should specialize in and export the commodity in which its absolute disadvantage is smaller (this is the commodity of its comparative advantage), and should import the other commodity.
比较优势原理：该原理解释互利贸易如何发生，尽管一国在生产所有产品上都不如它国有效或比它国来说有绝对劣势。该国应生产并出口其绝对劣势较小的产品（这种产品具有比较优势），进口其他产品。
Law of one price: The proposition that in the absence of transportation costs, tariffs, and other obstructions to the free flow of trade, the price of each homogeneous (identical) traded commodity will be equalized in all markets by commodity arbitrage.
一价法则：在运输成本、关税和其他有碍贸易自由流动的障碍都不存在的条件下，在所有市场上，由于商品套利会使所有同种商品的价格相等。
Marginal rate of substitution,MRS: The amount of one commodity that a nation could give up in exchange for one extra unit of a 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 the second commodity.