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Ex.2. Choose the correct term for each definition
Complete these sentences using the correct form of one of the words above. Make your own sentences to show that you understand the difference in their meaning. Ex.8. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian. 1. The country depends on … trade. 2. I hope this new job will give me a better …. 3. … barriers can make trade difficult. 4. The government fixed a … on the number of foreign cars allowed to be sold in the USA. 5. The United Kingdom removed all … long time ago. 6. The General Agreement on Tariffs and Trade (GATT) is an international organization whose goal is to eliminate tariffs and other … to international trade. 7. … trade among nations results in increased competition and lower prices. 8. This company is the largest … of steel. 9. The government raised the price of imported goods to protect … goods.
Ex.9. Fill in the missing prepositions: A foreign-exchange control is a restriction … the amount … a particular currency that can be purchased or sold. … limiting the amount … foreign currency that importers can obtain, a government limits the amount … goods that importers can purchase … that currency. This has the effect … limiting imports … the country whose foreign exchange is being controlled. (on, of (4), by, from, with)
Ex.10.These words are often confused: to provide – to secure – to ensure
1. My job … me with the opportunity to meet new people every day. 2. People need a job to … their independence. 3. Our company will soon … a full account of its investment activities. 4. I was very pleased with the room you … me with. 5. I … that the house was protected by locking all the doors. 6. My department … advice for those who plan to set up a business. 7. The company has … all the workers who use dangerous machines. 8. She has … a good job. 9. I can’t … that he will be there in time. 10. Can you … me two good seats for the concert? 11. We … legal advice to our clients. 12. Our new research strategy … that we get the best possible results.
Exercises in Comprehension
Ex.1. Answer the following questions: 1. What is international trade? 2. Why do countries engage in international trade? 3. Does international trade influence domestic prices? 4. Do governments control international trade? 5. What are the most common protectionist measures? 6. What reasons are generally given for imposing trade barriers? 7. What is free trade?
8. What is free trade area?
1. When there is a limit on the number of products in certain categories that can be imported, a(n) _______ has been established. 2. In a _______ there exists a market in which nations can trade freely with each other without tariffs or other trade barriers. 3. An import tax designed to raise the price of imported goods so that domestic products will be more competitive is called a(n) _______. 4. The use of government regulations to limit the import of goods and services is considered to be _______. 5. There is _______ when the movement of goods and services among nations takes place without barriers.
Ex.3. Sum up what you remember about: s international trade; s protectionist measures; s free trade.
Ex.4. Translate into English: 1. Міжнародна торгівля – це обмін товарами та послугами між різними країнами. 2. Завдяки міжнародній торгівлі країни можуть покращити свій життєвий рівень. 3. У всіх країнах міжнародна торгівля контролюється державою. 4. Тарифи, квоти, валютне регулювання – це протекціоністські заходи, які застосовує держава, щоб захистити національного виробника. 5. В зоні вільної торгівлі не існує торгових обмежень на товари та послуги. 6. Тариф – це податок на імпортні товари. 7. Квота – це ліміт на кількість товару, який дозволяється імпортувати в країну протягом конкретного часу. 8. Протекціоністські заходи підвищують ціни на імпортні товари.
Grammar Revision
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