The Theory of International Economic Policy, Svazek 2

A's balance A's government A's imports ad valorem amount apple industry apples and blankets B's exports B's market B's products balance of payments balance of trade capital cause cent Chapter citizens column commodity consumers consumption distribution of income distributional weights divergence between marginal duction economic efficiency economic welfare effect elasticity of demand elasticity of supply equal export subsidy external economies factors of production fall favour free trade higher home production import duty imported blankets imports of blankets increase labour-intensive land to labour less marginal cost marginal product marginal social marginal value market price monopoly monopsony output population price of apples price of blankets product of labour raise rate of divergence rate of tax redistribution reduce relatively rent restriction returns to scale revenue rise secondary situation social net product sumers Suppose terms of trade trade taxes unit of labour values and costs volume wage rate