Principles of Foreign Trade |
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Page 143
... income , which , for some years at least , has been estimated by competent students . This income is spent for goods and services . Now , if we compare the total income , thinking of it for the moment as the amount spent rather than as ...
... income , which , for some years at least , has been estimated by competent students . This income is spent for goods and services . Now , if we compare the total income , thinking of it for the moment as the amount spent rather than as ...
Page 144
... INCOME IMPORTS IMPORTS AS % OF NATIONAL INCOME INCOME 1890 $ 9,300 $ 789 8.5 1912 $ 33,977 $ 1,818 5.4 1891 10,400 845 8.1 1913 35,723 1,793 5.0 1892 10,000 827 8.3 1914 35,647 1,789 5.0 1893 10,100 866 8.6 1915 37,205 1,779 4.8 1894 ...
... INCOME IMPORTS IMPORTS AS % OF NATIONAL INCOME INCOME 1890 $ 9,300 $ 789 8.5 1912 $ 33,977 $ 1,818 5.4 1891 10,400 845 8.1 1913 35,723 1,793 5.0 1892 10,000 827 8.3 1914 35,647 1,789 5.0 1893 10,100 866 8.6 1915 37,205 1,779 4.8 1894 ...
Page 146
... INCOME EXPORTS INCOME EXPORTS A8 % OF NATIONAL INCOME 1890 $ 9,300 $ 858 9.2 1912 $ 33,977 $ 2,399 7.1 1891 10,400 884 8.5 1913 35,723 2,484 7.0 1892 10,000 1,030 10.3 1914 35,647 2,114 5.9 1893 10,100 848 8.4 1915 37,205 3,555 9.6 1894 ...
... INCOME EXPORTS INCOME EXPORTS A8 % OF NATIONAL INCOME 1890 $ 9,300 $ 858 9.2 1912 $ 33,977 $ 2,399 7.1 1891 10,400 884 8.5 1913 35,723 2,484 7.0 1892 10,000 1,030 10.3 1914 35,647 2,114 5.9 1893 10,100 848 8.4 1915 37,205 3,555 9.6 1894 ...
Contents
ELEMENTARY PRINCIPLES OF TRADE | 1 |
THE PRINCIPLE OF COMPARATIVE COST | 21 |
A General Statement of the Theory of Trade | 32 |
Copyright | |
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abroad absolute advantage agricultural amount Argentina balance of payments balance of trade bank bill of lading bushel of wheat capital carrier cent chapter commerce commission house comparative advantage competition consumers cost credit items days of labor debit item decline demand dollars domestic trade draft economic effect England Europe European example exchange rate export house exports and imports fact factors favorable foreign countries foreign market foreign purchasing power foreign trade freight function funds Germany gold increased industrial countries interest international trade investment Japan lines loans manufacturing ment merchant marine method middlemen nature obtain ocean operation period port possible pounds sterling principle profitable railroad rate of exchange relative result risk sell seller shipment shippers South America supply tariff tion tramp vessels transactions transportation United United Kingdom volume wages yards of cloth