Principles and Problems of Modern Economics |
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Page 389
... trade to a favorable balance of trade back to an unfavorable balance of trade . The unfavorable balance is really favorable ; the mature creditor nation has money coming to it in the form of interest and dividends on previously exported ...
... trade to a favorable balance of trade back to an unfavorable balance of trade . The unfavorable balance is really favorable ; the mature creditor nation has money coming to it in the form of interest and dividends on previously exported ...
Page 562
... trade as a one - way proposi- tion ; if one country benefited , the other lost . Adam Smith insisted that trade was mutually beneficial . It was natural that the mercantilists . should look at trade in this light . They were interested ...
... trade as a one - way proposi- tion ; if one country benefited , the other lost . Adam Smith insisted that trade was mutually beneficial . It was natural that the mercantilists . should look at trade in this light . They were interested ...
Page 585
... trade agreement program initiated under Secretary of State Cordell Hull in 1934. Congress was persuaded to pass an act permitting mutual reduction of tariffs up to 50 percent between the United States and other countries . The ...
... trade agreement program initiated under Secretary of State Cordell Hull in 1934. Congress was persuaded to pass an act permitting mutual reduction of tariffs up to 50 percent between the United States and other countries . The ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers