Ex.5. Match the nouns in the left-hand column with the verbs in the right-hand column.

tariffs   quotas   barriers

raise remove eliminate abolish impose pay exceed operate fix

 

Ex.6. The words in the box frequently occur before and after “trade”.

 

 

Find combinations that mean:

1. trade between buyers/sellers in one country and sellers/buyers in other countries;

2. trade between buyers and sellers in the same country;

3. an organization of producers or sellers of similar products that provides advice, information and services for its members;

4. a group of countries that agree to trade with each other on favourable terms;

5. a person or business that has supplied goods or services to a company and is owed money for them;

6. the amount by which the value of a country’s imports is greater than the value of its exports;

7. an amount that is taken off the normal selling price of a product;

8. a big exhibition where manufacturers and sellers display their goods;

9. a name or symbol that is used on the products of a particular company;

10. an action taken by a government to limit the amount or type of goods imported or exported, usually by introducing taxes and tariffs.

 

Ex.7. Look at the words and phrases in the box. Match them with the correct definition from the list below:

 

1. the level of material comfort and wealth that a person or a community has;

2. an amount that must be paid when particular goods are imported into a country, or sometimes when they are exported;

3. a limit on the amount of a particular good that may be imported into a country during a given period of time;

4. a set of restrictions imposed by a government on buying and selling foreign currencies;

5. an obstacle;

6. trade between countries with few government restrictions;

7. a system of import controls set up by a government to protect the country’s agriculture and industry from foreign competition;

8. inside a particular country.