Questions and Exercises in Political Economy, Arranged and Ed. by W. P. Emerton

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1879 edition. Excerpt: ...the offender to confiscation, to resist which by force turns the blockade-runner into a pirate. See Wheaton. Elements of International Law. But in an economical point of view blockade-running is often beneficial; the blockade, not the breach, being the economic evil. 17. Trace the effect of economic causes in bringing about the fall of the power of Spain. See the Stanhope Essay for 1867, On the Causes of the Decline of Spain, by G. H. West. 18. What are the advantages of international commerce? Explain under what conditions such a commerce can arise, and how the price of the interchanged articles will be arrived at. F. iii. 7. M. iii. 16 and 17. 19. 'England pursued trade and forgot revenue.' Comment upon this view which Burke takes of the operation of the Navigation Act. A. S. vol. ii. 36, seq.; 176, seq. M. 5. 10. 1. Shadwell, 503, seq. 20. Trace and explain the effects of Colbert's colonial system, discussing the advantages to be legitimately derived from a large colonial empire. Twiss, lect. iii. Sismondi, Histoire des Francais, xxviii. 21. On whom does the cost of carriage fall in international trade? Give the general formula of the effect produced by the introduction of a new element into the calculation. F. 395, seq. For a very clear illustration see Mrs. Fawcett's abridgment M. 3. 18. 3. 22. Explain the mode in which supply and demand are equalised in foreign trade. If one of the trading countries reduce the cost of producing its commodities, does it necessarily reap the whole advantage? F. 382. 23. Are all classes invariably benefited by freetrade? Is it possible that a particular class may be injured? Is protection to a nascent industry ever justifiable? F. 390, seq. M. 5. 10. 1. R. 235. 24. The imports of England permanently...