Principles of Foreign Trade |
Contents
CHAPTER | 1 |
II THE PRINCIPLE OF COMPARATIVE COST | 21 |
SOME APPLICATIONS OF THE THEORY OF | 38 |
Copyright | |
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Common terms and phrases
abroad absolute advantage advance agricultural American amount appears Argentina balance of payments balance of trade bank bill of lading borrowing bushel of wheat capital carrier cent chapter commercial commission house comparative advantage competition consumers days of labor debit item decline demand desired dollars domestic trade draft drawee drawer duties economic effect England example exchange rate export house exports and imports fact factors favorable finance foreign countries foreign market foreign trade freight funds Germany gold incomes increased industrial countries interest international trade Japan less letter of credit lines loans manufacturing ment merchandise merchant method nature obtain ocean operation period port possible pounds sterling principle profitable protection protectionism railroad relative result risk sell seller shipment shipper sugar beet supply tariff tion transaction transportation United United Kingdom vessels wages yards of cloth