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Record 1 1981-01-23

English

Subject field(s)
  • Pricing Theory
OBS

Whenever one country imports too much and begins to lose gold, its loss of gold reduces its price and cost levels, thereby (1) decreasing its imports of foreign goods that have become relatively dear, and (2) increasing exports of its home-produced goods that have become relatively cheap.

French

Domaine(s)
  • Théorie des prix

Spanish

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