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American Economic Development
Principles of Production and Comparative Advantage
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acres agricultural amount average billion dollars borrowing bushels business cycle buyers capital cash cent changes Chap commodities comparative advantage competition consumers cooperative corn corporation costs crops debt decline demand curve deposits depression diminishing returns duction economic economic rent effect entrepreneur exchange expenditures exports fact factors factors of production farm products farmers Federal reserve Federal Reserve System foreign gold gold standard important improvements increase individual industry interest rates investment J. M. Keynes labor land less loans marginal marginal-productivity ment million monopolistic monopolistic competition monopoly national income nomic operations organization output paid payments period population price level problem profit purchase quantity railroads rent reserve banks result retail returns savings Second World secure sell sellers sumers supply tariff taxes theory tion trade transportation United wages wheat workers