Political economy, designed for use in Catholic colleges, high schools, and academies by Burke Edmund J

Author:Burke, Edmund J. [from old catalog]
Language: eng
Format: epub, pdf
Tags: Economics
Publisher: New York, Cincinnati [etc.] American book company
Published: 1922-03-25T05:00:00+00:00

4. Exports to B diminish. Imports from A diminish. In the meantime, because of the flow of money into A,

5. Amount of money greater.

Prices higher. Good market.

6. Imports from B increase. Exports to A increase.

7. Exports and Imports equal. Imports and Exports equal.

III. Customs Duties

Definitions. — International trade may be affected by customs duties.

These include Export duties and Import duties.

Export Duties are duties imposed on products of the home country, whether in the raw state or as finished goods, which are shipped abroad to foreign countries. Duties on exports are very rarely imposed.

Import Duties are duties imposed on products of other countries entering the home country. Import duties are frequently resorted to.

Import duties are of two kinds, Specific and Ad valorem. A specific duty is so much on the bulk of the product, e.g., 25 cents per pound, 30 cents per gallon. An ad valorem duty is a tax of a certain per cent of the value of the imported product. (For a discussion of the relative merits of specific and ad valorem duties, see " Customs Tariffs," Senate Document No. 547, pp. 52, 92, et al.)

Tariff. — The list of import duties on various products is called a Tariff. The tariff of the United States is divided into schedules, as follows : —

A. Chemicals, Oils, and Paints.

B. Earths, Earthenware, and Glassware.

C. Metals and Manufactures of Metals.

D. Wood and Manufactures of Wood.

E. Sugar, Molasses, and Manufactures of Sugar and Molasses.

F. Tobacco and Manufactures of Tobacco.

G. Agricultural Products and Provisions. H. Spirits, Wines, and other Beverages. /. Cotton Manufactures.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.