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IX. Make up your own dialogue using the following expressions:

to levy protective tariffs to place a quota

to benefit from the transaction to exchange things

to specialize in the production of to be concentrated

to limit the amount of foreign to restrict trade competition

^ X. Put questions to the italicized words: "

Model: Our nations will be trading with one another when governments of the two countries limit quotes. When will our nations be trading with one another? 1. They will be exchanging their products at the international fair at this time tomorrow. 2. Our company will be manufacturing new devices from September to November the following year, 3. The factory will be specializing in the production of automobiles when they change the management. 4. The government of the country will be promoting trans-portation facilities for g number of reasons. 5. Using the expect subsidy, the government will be affecting the flow of trade among nations.

XI. Change the following sentences from direct into indirect speech:

Model: He said: «They will be producing machines during

the next two years».

He said that they would be producing machines

during the next two years. 1. He said: «They will be growing vegetables the whole seasons. 2. The manager said: «From now on we shall be

promoting the development of certain industries in particular regionso. 3. She remarked: «We shall be specializing in the production of new products from October this year to October next year». 4. The President said: «We shall be restricting trade in a number of ways from now on». S. He said: «We shall be limiting the amount of foreign competition during the following yearss.

XII. Translate into English using the Future Continuous Tense (the Active Voice):

1. Mm 6yfleMO cneu,iani3yBaTHca 3 Bnpo6nnu,TBa nesHnx bmaib TOBapis ynpo,[;oB>K KinbKox HacrynHMX poKiB. 2. Un KpaT-Ha 3 noHamy m flo k\hhs\ wacTynHoro pony o6M«KyBaTWMe 30BHiwmo TopriB/MO. 3. Lie cpePMepcbKe rocnojiapCTBO BMpo-myBaTHMe OBOni BnpoAOB)K ycboro pony. 4. Bohm 3acToco-ByBaTMMyTb KBOTy Ha fleHKi bh^h iMnopTnnx aBTOMo6iniB 3 HacTynHoro Micflu.fi u>oro poKy flo nepBHSi HacrynHoro poKy. 5. TapwЈn 3axnmaTMMyrb BiTHM3miHy npoMMcnoBkib npors-tom neBHoro nacy.

XIII. Communicative situations:

  1. Trade among people and nations has occured for thousands of years. What are the advantages of trade? Why do many people seem to fear trade with other countries?

  2. American steel production is down. Many steelworkers are unemployed. The equipment sits idle. A bill before Congress proposes high tariffs and quotas to protect the steel industry from imported steel.

a) Explain how each of the following parties might respond to the issue.

Steel industry Iron and steelwokers Consumers Auto industry

b) Considering the position of different groups in the economy, do you believe it would be a wise or unwise economic decision to protect the steel industry from foreign producers? Explain your position.

3. Describe the position you would take on high tariffs, quotas or voluntary restraints on automobiles manufactured in Japan if you were:

  1. the owner of an American automobile company;

  2. a worker in that automobile plant;

  3. a consumer interested in buying a new automobile;

  4. an American manufacturer of computer parts to be sold in Japan.

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Lesson 12

OTHER ECONOMIC SYSTEMS

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