Clare, G., The A B C of the foreign exchanges. 1895.
Escher, Franklin, The elements of foreign exchange. 2d ed., 1911.
Goschen, Viscount, The theory of the foreign exchanges. 1898.
Johnson, E. R., Probable changes in the foreign trade of the United States resulting from the European war. A. E. Rev., 6 (no. 1, supp.): 17-25. 1916. Round table discussion of above, 26-49.
Johnson, E. R., Van Metre, T. W., Huebner, G. G., and Hanchett, D. S., History of domestic and foreign commerce of the United States. 1915.
*Source Book, 337-346.
Willis, H. P., Transportation and competition in South American markets. A. E. Rev., 2: 814-833. 1912.
Questions.
1. Is it bad policy to let the people of a suburban village spend money in the city for things that could be produced at home?
2. Is it bad policy for California to buy New England manufactures?
3. Give examples of the industrial advantages of America as compared with Europe.
4. Is the alleged superior efficiency of the American workman over the competing workman of Europe connected in any way with the principle of proportionality?
5. Community A has lands that can produce wheat at a cost of 60 cents per bushel, corn at 40 cents per bushel and potatoes at 40 cents per bushel. Community B can produce wheat at 70 cents per bushel, corn at 45 cents per bushel and potatoes at 42 cents per bushel. Supposing that each community can raise just enough of these foodstuffs for its own use, will there be any incentive for them to exchange these products?
6. "A man is of all sorts of luggage the most difficult to be transported." What is the bearing of this fact upon the theory of international trade?
7. Can a country have a persisting excess of merchandise exports over merchandise imports? If so, under what conditions?
8. If foreign exchange suddenly rose several cents, while imports and exports remained the same, to what causes might it be due?