The International Economy |
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abroad advantage agreements American dollars Argentina balance bank Bank of England Brazil Britain British capital Chapter cheap China colonies commerce comparative advantage costs cotton coun country's currency decline demand and supply depreciation depression developed domestic draft Dutch East Indies economic effect England equilibrium Europe European exchange control exchange rates exports factors factors of production favorable fluctuations foreign bills foreign countries foreign currency foreign exchange foreign trade France funds Germany gold standard imports increased India industry interest international trade investment labor large amount loans London manufacture ment mercantilists merchandise merchant marine metals monetary nations payments period political ports pound sterling pounds price level price of silver principal production purchasing power parity quantities raw materials received reserves result sell ships stabilization tariff tend terms of trade theory tion transactions United vessels York