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A CASE AGAINST FREE TRADE page
The CostPrice Ratios Basic to Trade
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abnormal profits activity aggregate average costs banks basic borrowing competitive market conceptual constant cost/price ratios decline definitions demand characteristic deposit accounts developing discussed distortions economics effect efficiencies of scale employment equal exchange parity expected export subsidies final expenditure final sales taxes Footnote free market free trade given instant growth of productivity Hence higher import tariffs imports income taxes industries interest rates intermediaries investment issues labour laissez faire lending liquidity risk manufactured exports manufacturing competitiveness marginal costs market price matter minimum money assets money supply nations period demand curve period supply Peter Principle price ratios problems production capacity production costs profits purchase quantity demanded rate of demand rate of growth rate of production rate of supply rate tax real wages relevant resource producers rise sector selling significant simply standard supply and demand supply of loans taxation tends term trade barriers typically uncompetitive yields