Task 1. Complete the text with the words in the box. Task 4. Choose the correct variant

LESSON 10

Task 4. Choose the correct variant.

Letter 2.

Letter 1.

Task 3. Fill in the blanks using the word combinations given below, translate the letter.

It would be our pleasure to welcome you at our corporate (1) in Brighten. We would like (2) of the food processing joint ventures. We (3) forward to your visit. (4), Mr. Clark would also be pleased to meet you.

We believe your Executive Director (5) our seminars. A better understanding of our culture and management will certainly help us in our (6).

a. look

b. headquarters

c. should attend

d. future negotiations

e. to discuss the foundation

f. Our chairman

Confirming our (1) of 5 February 2002, we wish to inform you that according to (2) between Co. “Green” and firm “Bec” on 8 February 2001 the delivery (3) is to begin in October this year. The (4) will be delivered F.O.B. In order to (5) of the delivery we would ask you to prepare suitable platforms.

We suggest the (6) be done by sea on special barges.

a. delivery of the converters

b. telephone conversation

c. avoid disruption

d. of the equipment

e. main equipment

f. the contract No 23 signed

1. We ran a very good advertising ….

a) program

b) campaign

c) activity

d) company

2. Information is being produced faster than managers can … it.

a) process

b) deal with

c) define

a) understand

3. The Mississippi isn’t … river in the world.

a) longer

b) the longest

c) the longer

d) longest

4. She is the director of a company which … drugs.

a) manufacture

b) manufactures

c) manufactured

d) will manufacture

5. The new computer system … next month.

a) is being installed

b) is been installed

c) will be installed

d) was installed

6. The boss says he … to see you immediately.

a) wanted

b) wants

c) want

d) will want

7. My boss says I … consider the problem carefully before making a decision.

a) should

b) can

c) may

d) ought

8. If I … to those conditions, I will only offer you three months guarantee.

a) will agree

b) agreed

c) agrees

d) agree

9. If you won a million pounds, what … you … to buy?

a) will … like

b) would … like

c) would … have liked

d) do you … like

10. … all this, I left them the following day.

a) do

b) doing

c) having done

d) to do

1. excess	5. domestic	9. living	13. price	17. Although
2. specialize in	6. flows	10. basis	14. investment	18. reason
3. consumed	7. concepts	11. allocation	15. resources	19. comparative
4. Through	8. law	12. currencies	16. Trading	20. exported

INTERNATIONAL TRADE

The basic idea of international trade and (1) is simple: each country produces goods and services that can be either (2) at home or (3) to other countries. The main difference between (4) trade and international trade is the use of foreign (5) to pay for goods and services crossing international borders.

(6) global trade is often added up in U.S. dollars, the trading itself involves a lot of currencies.

(7) in goods may be done between countries, states, and individuals for their mutual benefit. If a country has exports in (8) of its imports, that country will be magnifying its income. In trade, two fundamental (9) are absolute advantage and

(10) advantage.

Absolute advantage is when one nation can produce a product more efficiently than the other. Thus, a (11) of trade is created. Comparative advantage allows even a nation that can produce two goods more efficiently to establish a basis for trade. The

(12) of comparative advantage is the fundamental (13) for trading. It is when two entities, each one producing the same two types of goods, (14) one good that it can produce at a lower opportunity cost. Therefore, both entities derive more goods by trading because each entity can offer the best produced goods at the best possible (15). Any two entities can engage in trade, i.e. two nations, two states, one or two persons.

(16) specialization and free trade, nations can achieve a more efficient (17) of scarce world (18), thereby raising standards of (19).

Whenever a country imports or exports goods and services, there is a resulting flow of funds: money returns to the exporting nation, and money (20) out of the importing nation.

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