英语翻译7.SM is infinitely elastic for a small nation because a

英语翻译
7.SM is infinitely elastic for a small nation because a small nation can demand any quantity of imports without affecting itsprice; similarly,DX is infinitely elastic becausea small nation can sell any amount of its export good without having to reduce its price.
8.The balance of payments of a small nation always improves with a depreciationor
devaluationof its currency because the small nation's quantity demanded of pounds always falls (unless DM is vertical)and the quantity supplied of pounds alwaysrises.
11.Even though the U.S.trade deficit with Japanhas not been reduced as a result of thesharp depreciation of the dollar with respect to the yen during the past 10 years,we cannot conclude that the trade orelasticity approach to balance of paymentsadjustment does not work.The U.S.trade deficit with Japanseem to respond only with a lag ofseveral years to exchange-rate changes.In addition other forces may have overwhelmed the effect of a depreciationof the dollar with respect to theyen.For example,if Japan is in the contractionary part of the business cycle while the United States atan expansionary part of the cycle,the U.S.trade deficit with Japan may increase because Japan demandsfewer American products while the United States demands more Japaneseproducts,despite the depreciation ofthe dollar vis-avis the yen.
12.Since $35=1 ounce of gold = £14,the dollarprice of £ or the exchange rate (R=$/£)is fixed at $35/14=$2.50.Thus,fixing the price of gold in terms of national currencies under the gold standardestablishes a fixed relationship or exchangerate between any two currencies.This is the mint parity.
不要各种翻译器翻译的 要正确通顺

SM是无限弹性小的国家,因为一个小国家可以要求任何数量的进口而不影响itsprice;同样,DX是无限弹性becausea小国可以出售任何数量的出口好无需降低它的价格.
国际收支平衡的一个小国家总是与一个depreciationor改善　　devaluationof其货币,因为小国家的需求数量的英镑总是瀑布(除非DM是垂直)和供给数量alwaysrises英镑
尽管美国贸易逆差Japanhas没有减少由于thesharp贬值的美元对日元在过去的10年里,我们不能得出结论,贸易orelasticity方法paymentsadjustment平衡不工作.美国贸易逆差Japanseem响应只与一个滞后ofseveral年汇率变化.此外其他部队可能已经不知所措的效果depreciationof美元就theyen.例如,如果日本在收缩的部分商业周期而美国每股扩张性的部分周期,美国对日本的贸易赤字可能会增加,因为日本demandsfewer美国产品在美国Japaneseproducts要求更多,尽管美元日元贬值是慕英而言.
从35美元= 1盎司黄金=£14,dollarprice的£或汇率(R = $ /£)固定在$ 35/14 =
2.50美元.因此,修复的黄金价格条款下的国家货币黄金standardestablishes固定关系或任何两种货币之间的汇率.这是铸币平价.