ECONOMICS (1) - VOCABULARY exposition counterintuitive tackled prove useful went awry comparative advantage subtleties pin hopes on setoff idealized rebound exploit retaliatory Nam 1817, David Ricardo xuat ban 1... gidp ngudi ta nhan dién nhing dong dén. Né . d8 cap dén thuyét. Thuyét nay ..clia thytong mai ma chua nha kinh t& hoc no thé thuong mai mét cach méi ma. Thuyét comparative advantages cia Ricardo cho ring mét dat nuéc chi nén chuyén mén khod vao mét sin phém va mua céc san phém cdn Iai tir cdc nud khdc. Thoat nghe, thuyét comparative advantages cila Ricardo rat véi sinh vién nganh kinh té, nhung sau nayné da cd trong nhiing cudc giao thong phifc tap hon nhigu so véi mé hinh giao thurong .. gia 2 dat nuée. . vn dé v8 | Theo thuyét comparative advantages, nhiing nuéc tham gia vao free trade, va cé thé recognize va... dugc comparative advantage ciia minh trong free trade dé thi sé phat trign tét, va ngugc lai, néu khéng tham gia free trade thi sé that bai. Vi dy, nim 1929, nuéc MY gap khiing hoang thi tru’ng chizng khoan. Tho diém 46, My cé rat nhigu comparative advantages, va kinh té hoan toan cé thé vow NEU nUGE MY tigp ty mé cita. Tuy vay, chinh phi: My théng qua mét chinh sach tariff c6 tén la Smoot- Hawley tariff. Chinh séch nay viéc phuc hdi kinh té bang cach khuyén khich ngudi My mua hang My dé ngudn tién khéng bi mat ra ngoai. Tuy vay, moi thir sesensen Tariff nay ca MY... .. hang loai hanh dng... khuing hoang kinh té toan cu. ...ca cdc nuéc khac, dan dén Nhigu vi dy, trong dé cé vi dy cia Triéu Tién cho thay, free trade coupled with viéc theo duéi comparative advantages trong free trade dé la 2 yéu t6 gidip kinh té phat trién, saLIVEWORKSHEETStariff steadfastly protectionism mainstream domestic businesses competition _ unprecedented free trade safeguard import quota retaliatory Tariff nhu Smoot-Hawley tariff cla nude MY 1a mét dang thife CU saneunnmnen CHa chinh phil Protectionism cé thé & dang HORE sesnnnnne CAC . lun mong nhan dugc protectionism tir chinh phi théng qua tariff va import quota vi véi ho protectionism sé giip ho tranh . va chi phi cho .. Cac domestic businesses thung....... . ngudi tiéu ding trong nuéc dé chéng lai sy canh tranh tir bén ngoai. Tuy vay, ho khéng biét rang, nhiing sv... .. nay vé lau dai sé lam tén hai nn kinh t6. Khi céc nuéc khdc théng qua cac hoat déng .. kinh té toan cu bj anh hung tigu cye. Khi d6, cdc domestic businesses cing sé bi nh huéng. Oi véi cong nhan & cdc nue giau, free trade dn dén 1 sy competition & mic d6 46i v6i ho. Tuy vay, néu cé protectionism, ki nang lam viée cia nhizng céng nhan nay sé obsolete dn, va ho khéng thé thich nghi véi sy thay d6i ciia nn kinh té. Tém lai, nhimng nha kinh té . d8 khang dinh mét cach su diing va nn kinh té toan cBu. ring saLIVEWORKSHEETS