Jessica: Good morning, class. Today we have Professor Wilson here to tell us something about free trade.
Professor Wilson: Well, free trade means no tariffs and no quotas between countries that trade goods with one another. But, it's not only a free flow of goods. It also means the free flow of services between nations. It's a system that allows people to buy and sell whatever they desire with whomever they desire. (16) Advocates argue that total free trade will result in a net gain in wealth for both trading partners. Some of the characteristics of free trade are... uh, let me list them for you. First, the absence of tariffs, which are taxes on imported goods and services. Second is the absence of quotas and other trade barriers. Third, the free flow of labor between two trading partners. Fourth, the free flow of capital between the two trading partners. And fifth is the absence of subsidies and regulations on locally produced goods and services that give businesses in the home country an advantage over those of a foreign country. Now having said all this, keep in mind that free trade is a relatively loose term that means different things to different people. For instance, it can be any combination of these characteristics I just mentioned to you, and, typically, it's never completely 100% free. When you have a free trade agreement between two countries, there are usually some protective policies in place.
Protectionism, on the other hand, means government restraint on trade between two nations. (17) Protective trade or protective tariffs are a nation's efforts to prevent its own people from trading. Such protective measures include tariffs on imported goods and services, restrictive quotas on imported goods and services, government regulations which discourage imports, anti-dumping laws, and subsidies for local producers.
There are a number of advantages to free trade. (18) Perhaps the most important advantage of free trade is that it lowers the costs of goods and services. This is possible for a number of reasons. For example, production can take place in nations where labor and other operating costs are lower. Despite its apparent advantages, there are a number of critics of free trade. Many people prefer protectionism. And, as I mentioned a moment ago, in the real world, even when we have free trade or a free trade agreement, there's still some protectionism. Protectionists fed it's better for local consumers to pay higher prices and thereby maintain quality jobs. (19) So, protectionism protects businesses, jobs, and wages, but it also means higher prices.
16. Why do some people approve of total free trade?
17. Why does a nation impose protective tariffs?
18. What could be the most important advantage of free trade?
19. What's the benefit of protectionism?
同學們,早上好
好,自由貿易是指兩個有貨物往來的國家之間不收關稅,沒有限額
另一方面,貿易保護主義是指政府限制兩國之間的貿易往來
自由貿易有一些優點
。自由貿易最大的好處可能是它能降低貨物和服務的成本 。這有很多原因 。比如,貨物生產會出現在勞動力及其他操作成本較低的國家 。盡管自由貿易優勢明顯,仍然有人對其不滿 。很多人更青睞于貿易保護主義 。而且,我剛才說過的,在現實生活中,即便我們有了自由貿易或自由貿易協定,依然會有貿易保護主義 。貿易保護主義者認為本國消費者購價更高會更好,這樣可以維持高質量的工作 。所以,貿易保護主義保護商業、工作和薪資,但這也意味著物價更高 。問題16 為什么有人支持完全自由貿易?
問題17 為什么有些國家會施行關稅保護?
問題18 自由貿易最重要的好處是什么?
問題19 貿易保護主義的好處是什么?
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