International Economics

abroad adjustment assets balance of payments Bank of France billion Britain British potatoes cash account cent central banks Common Market comparative advantage consume costs country's decline demand for dollars deposits depreciation devaluation developed countries differences domestic earnings economic economists equilibrium Europe European excess supply exchange-rate exchange-rate changes factors of production Federal Reserve Banks Fewmen finance flow foreign currencies foreign trade foreign-exchange market free trade French francs Furthermore gains from trade gold standard governments growth IBRD imports income increase interest rates International Monetary Fund investment less-developed countries machines man-days of labor manufacturers Manymen ment monetary system money supply official offset output parities payments deficit pound production protection quotas raise raw materials rectangle reduce sell speculators spending sterling supply curve supply of dollars surplus Table tion Trade Expansion Act transactions U.S. dollar U.S. exports U.S. gold U.S. tariff United wage rates