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.
Check all other quotes by that neither exportation nor importation can occur if there are no differences in prices to make trade profitable.
Want to display this quote image on your website or blog? Simply copy and paste the below code on your website/blog.
Embed:Format of this image is jpg. The width and height of image are 1200 and 630, repectively. This image is available for free to download.
Citation
Use the citation below to add this quote to your bibliography:
MLA Style Citation
"that neither exportation nor importation can occur if there are no differences in prices to make trade profitable. Quotes." Quoteslyfe.com, 2024. Fri. 22 Nov. 2024. <https://www.quoteslyfe.com/quote/The-balance-of-payments-theory-forgets-that-80495>.
Check out
Other quotes you may like
Quote Description
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,.