for foreign productions, are those in which money will be of lowest
- The effects of the depreciation of the paper currency in the United States are thus described by Mr. Wells: “It renders it impossible to sell abroad the products which have cost too much at home, and invites from other countries the products of a cheaper labor paid for in a sounder currency. It exaggerates imports, while destroying our ability to pay in kind.” State how far you agree with the deductions here drawn, assigning your reasons where you differ.
- When the foreign exchanges are manifestly against a country, and a balance of indebtedness is the cause, the equilibrium can be restored in two ways. State and explain the operation of each.
- What are the conditions which determine for a country a high range of general prices? How far is this advantageous?
- What is the effect of the imposition of a tribute by one country on another upon the course of trade between them, and the terms on which they exchange commodities; and why?
- For what reasons may a nation's exports habitually exceed or fall short of its imports?
- Explain the real and nominal exchange.
- Expound Mr. Mill's theory of the influence which a convertible currency exercises on foreign trade.
- What is the effect