Trade Theory – Offer Curve and Terms of Trade 提供曲線與貿易條件指數

Trade Theory – Offer Curve and Terms of Trade 提供曲線與貿易條件指數

 

The offer curve (reciprocal curve) of a country indicates the quantity of import and export the country is willing to buy and sell on world markets at all possible relative prices. 提供曲線(倒數曲線)呈現一國在國際市場下願意購買或願意出售的進出口量。It’s the country’s willingness to trade at various possible terms of trade.各種貿易條件下貿易的意願。

 

 

Terms of trade equilibrium is the slope of the line passing through the point where the offer curve of two countries across. 貿易條件均衡在於通過兩條提供曲線交點的直線斜率。一國的供給會是一國的需求。