The Theory of International Trade: With Its Applications to Commercial Policy |
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abroad advantage agricultural amount arguments for tariffs assumption balance of payments balance of trade branches of production capital chap commodity comparative costs competition consumers currency decreasing costs demand curve discussion division of labour dumping economic effect elasticity England equal equilibrium example exchange exchange-ratio existence export bounties export industries factors of production fall Favoured Nation Favoured Nation Clause foreign countries Free Trade Germany gold greater home market home price home production import duty imposed increase international cartels international division international trade Keynes less loss marginal cost marginal revenue means of production ment monetary monopolist monopoly national income output possible price-level problem Protection Protectionist purchasing power parity quantity of money question raw materials receipts reduction relatively Reparations result rise Schüller social product standpoint Taussig terms of trade tion trade policy transfer treaties unemployment United Viner wheat workers