The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices
that neither exportation nor importation can occur if there are no differences in prices to make trade profitable.
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"that neither exportation nor importation can occur if there are no differences in prices to make trade profitable. Quotes." Quoteslyfe.com, 2024. Fri. 08 Nov. 2024. <https://www.quoteslyfe.com/quote/The-balance-of-payments-theory-forgets-that-80495>.
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This page presents the quote "The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices". Author of this quote is that neither exportation nor importation can occur if there are no differences in prices to make trade profitable.. This quote is about the theory of money and credit, ludwig von mises,.