Vocabulary exercises

A. Substitute appropriate terms for the italicized words or phrases in the sentences below.

global	domestic	suit	expertise	resource
output	enables	lack	efficiently	scarce

1. Diamonds are found in only a few places in the world; they are rare.

2. The production of the factory increased when ten new workers were hired.

3. Nations that are without technological resources cannot produce their own computer systems.

4. International trade has affected worldwide conditions in numerous ways.

5. Specialist knowledge is necessary to do this job.

6. Many small businesses focus only on the home market.

7. Coal is a valuable asset.

8. International trade makes it possible for countries to import goods that they cannot produce.

В. Pill in the blanks with noun, verb, or adjective forms, Use your dictionary if necessary.

NOUN	VERB	ADJECTIVE
		domestic
	import
nation
		produced/ productive
specialization
	suit
		restrictive
exportation

C. Use the correct noun form, verb or adjective forms in the sentences. Change the grammatical form of the words if necessary.

Restrict

1. A ______ limited the number of workers that could be employed.
2. Trade ______ not ______ to national markets.
3. A ______ trade law is one that controls the number of goods imported.

Specialize

1. Generally a nation that _______ in certain production can increase output.
2. Research and development is a _______ area of marketing.
3. America's _______ in agriculture has made it a leading producer of grain.

Import

1. The United States _______ coffee.
2. _______ goods are sometimes subject to a special tax.
3. The continued American dependence on the ________ of oil is a controversial issue.

Produce

1. The _______ of steel is an important industry in a developed economy.
2. Managers try to motivate employees to be efficient and ______.
3. France ______ excellent wines.

Suit

a. Because of the weather in California, oranges are a _______ product for it to specialize in.

b. The _______ of a particular specialization is determined by the country’s resources.

1. Because of its cold climate, Sweden _______ not ______ to specialize in coffee or bananas.

D. Discuss the following questions with a partner. In giving your answers, try to use the italicized terms.

1. What natural resources does your country have?

2. What are some goods your country does not produce domestically?

3. Why doesn't it produce these goods? (Use lack and natural, human, or technical resources in your answer.)

4. Do you think international trade raises the standard of living? Has it raised the standard of living in your country? If so, how?

5. Do you have expertise in any of the business fields? Are there any other areas in which you have expertise, such as in sports, music, or art?

6. What kinds of restrictions, if any, do you think should be placed on international trade?

Some possible results of international trade are listed below. Look at each situation and determine whether it concerns importing or exporting countries. Then decide whether it is an advantage or a disadvantage for those nations. Enter the number of the situation in the appropriate area of the grid.

1. A great variety of goods is available.

2. Foreign competition endangers domestic industries.

3. A larger market is now available.

4. More jobs are created.

5. A nation becomes too dependent upon its foreign markets.

6. Gross National Product (GNP) is increased.

7. A nation becomes too dependent on foreign products.

8. For economic reasons, a country prefers to sell to foreign markets rather than deal with its domestic market.

9. Domestic workers lose employment.

10. A nation imports natural resources rather than depleting its own sources.

11. The international market gets flooded.

12. The national standard of living is raised.

	Importing Nations	Exporting Nations
Advantage
Disadvantage

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Дата добавления: 2015-11-14