International Trade and Finance: A Collected Volume of Wicksell Lectures 1958-1964 |
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Page 75
... example , is notoriously suscep- tible to both , almost to the exclusion of price , particularly in semiluxu- ries , so that a product meeting these desiderata can sell at premium prices . The formation of taste , in turn , is aided by ...
... example , is notoriously suscep- tible to both , almost to the exclusion of price , particularly in semiluxu- ries , so that a product meeting these desiderata can sell at premium prices . The formation of taste , in turn , is aided by ...
Page 183
... EXAMPLES - - Given our schematic framework , we can then fit in examples that illustrate disequilibrium situations . We shall bypass for the moment 15 Although there are exceptions , such as the previous example of Canada . the loss of ...
... EXAMPLES - - Given our schematic framework , we can then fit in examples that illustrate disequilibrium situations . We shall bypass for the moment 15 Although there are exceptions , such as the previous example of Canada . the loss of ...
Page 415
... example , have ac- cess to cheap southern raw cotton ( unless the price is artificially boosted ) , 10 but for wool the answer might be otherwise ; Japan , for example , is closer to Australia . Hence we have ignored these possible ...
... example , have ac- cess to cheap southern raw cotton ( unless the price is artificially boosted ) , 10 but for wool the answer might be otherwise ; Japan , for example , is closer to Australia . Hence we have ignored these possible ...
Contents
The Subject of International Trade | 3 |
The Factors of Production as Determinants of Interna tional Trade | 19 |
InternationalTrade Theory | 35 |
Copyright | |
27 other sections not shown
Common terms and phrases
abroad additional alternative American amount arbitrage areas assets assume balance of payments bank bank reserves borrowing British Canadian dollar capital account capital flows cent Chapter competitive costs cotton cloth country's creditor currency current account customs union decline deficit deposits depreciation devaluation dollars domestic economy effect elasticity equilibrium example exchange expand exports factors of production finance fluctuating foreign currencies foreign-exchange market forward contract forward pounds forward rate francs funds German gold Hence higher impact imports income increase industry inflow interest rates International Monetary Fund international trade investment labor less loss lower marginal cost marginal revenue ment million offset outflow output possible problem profit purchasing power raise ratio receipts reduce relative reserves result rise sector sell shift short-term capital spending spot pound supplier surplus tariff tend thereby tion underdeveloped United volume wages workers yards of cotton yards of linen