Ex.2. Choose the correct term for each definition. Ex.8. Fill in the missing prepositions

Ex.8. Fill in the missing prepositions.

Ex.7. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian.

1. She … a new car.

2. Sales of the new product … our estimates.

3. Canada … wheat in great quantities.

4. This wine is … from France.

5. Foreign technology is a significant ….

6. This country … luxury items to Northern Europe.

7. Tourism is the most important part of the Cypriot ….

8. Sixty percent of the goods they … come from Asia.

9. Sometimes governments put … on foreign trade.

10. This … company will be 100 years old next year.

	exporting; imports; restrictions; import; invisible exports; invisible import; imported; exports; exceeded; purchased.

A country spends money … goods it imports and gains money … its exports.

Valuable though foreign trade is … keeping domestic prices down … creating competition … home and providing large markets abroad, governments may have to put restrictions … it, which they usually do … subjecting imports … customs duties or … restricting some types … exports.

Customs authorities must make sure that imported goods are not sold … a lower price than that … their country … origin.

(of (2), in, at (2), by (3), on (2), for, through, to)

Exercises in Comprehension

Ex.1. Answer the following questions:

1. What are the principal aspects of foreign trade?

2. What are exports?

3. What are imports?

4. What do we call visible exports?

5. What do we call invisible exports?

6. Why are exports important?

7. What are imports?

8. What is known as visible imports (invisible imports)?

9. What are imports paid for by?

10. What is the balance of trade?

11. What is a trade surplus?

12. When do we speak about a trade deficit?

balance of trade, exporting, trade deficit., importing

1. A company is involved in _______ when it is selling products to another country.

2. The relationship of exports to imports is called the __________.

3. A country is involved in _________ when it is buying products from another country.

4. When a country has a ________ it is buying more goods from other nations than are sold to them.

Ex.3. Sum up what you remember about:

s exports

s imports

s a trade surplus/a trade deficit

Ex.4. Translate into English:

1. Міжнародна торгівля – це основний фактор розвитку співробітництва між різними країнами світу.

2. Експорт та імпорт – важливі аспекти міжнародної торгівлі.

3. Експортування – це продаж товарів та послуг в іншу країну.

4. Імпортування – це купівля товарів та послуг в іншій країні.

5. Купівля таких послуг, як страхування, туризм, перевезення вантажу – це невидимий імпорт.

6. Експортери заробляють валюту, якою країна розраховується за імпортні товари.

7. Якщо експорт перевищує імпорт, існує надлишок торгового балансу.

8. Якщо імпорт перевищує експорт, ми говоримо про дефіцит торгового балансу.

9. Експорт товарів – пріоритетний напрям розвитку зовнішньої торгівлі будь-якої країни.

10. Економіка кожної країни значною мірою залежить від зовнішньої торгівлі.

Grammar Revision

The Gerund 1. The gerund has the following forms:
		Active	Passive
	Indefinite	writing	being written
	Perfect	having written	having been written
2. We use the gerund: s as the subject of a sentence Exporting will be our main objective next year. s as the object of a sentence I’ve always enjoyed reading.
s after certain verbs: admit, mind, appreciate, avoid, consider, can’t stand, can’t help, delay, enjoy, finish, imagine, involve, postpone, propose, risk, stop, suggest The manager proposed organizing an exhibition.
s after prepositions after, before, by, when, while, without The company launched this product without doing the necessary research.
s after verbs and expressions followed by prepositions: be interested in, be good at, be fond of, be for/against, be used to, instead of, feel like, think of/about, look forward to, succeed in, approve of, insist on, object to I’m interested in learning more about this technology. s after these expressions: it’s no use, it’s not worth, it’s no good, to have difficulty It’s no use asking him. He won’t tell the truth.

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