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abroad advantage agreement amount argument for tariffs assumption balance of payments balance of trade capital cartels chap chapter commodity Comparative Cost competition currency Customs Union demand curve discussion division of labour dumping economic effect elasticity England equal equilibrium example exchange exchange-ratio export bounties export surplus factors of production fall Favoured Nation Clause foreign countries Free Trade Germany gold greater home price import duties imposed increase industry international division international trade Keynes less linen loss marginal cost means of production ment million monetary money wages monopoly national income output parity possible preferential duties price-level problem Protection Protectionist purchasing power purchasing power parity quantity of money question ratio raw materials receipts reduction relatively Reparations restricted result rise shift standpoint Taussig terms of trade Theory of International tion trade policy transfer transport treaties unemployment United Viner wheat