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Words and Expressions

absolute advantage - абсолютное преимущество

calculate the economic benefits - подсчитывать экономиче­скую выгоду

comparative advantage - сравнительное преимущество

cost n - стоимость

decrease in self-sufficiency - уменьшение экономической самостоятельности

economic interdependence - экономическая взаимозави­симость

international trade - международная торговля

manufactured goods - промышленные товары

narrow range of products - ограниченный ассортимент про­дукции

productivity n - производительность

specialization n - специализация

unequal distribution of resources - неравномерное распре­деление ресурсов

voluntary exchange of goods - добровольный обмен товара­ми

well-developed means of production for goods - хорошо раз­витая база средств производства товаров

well-tapped natural resources - хорошо разработанные природные ресурсы

12 Answer the questions.

1. What does the term 'international trade' denote?

2. What concepts are at the basis of international trade? 3 What does absolute advantage mean?

4. What does comparative advantage mean?

5. Can you explain the difference between absolute and comparative advantage?

13* Say if the statements are true or false. Prove your point.

1. The term international trade denotes the voluntary exchange of goods and services between people in dif­ferent nations.

2. Absolute advantage means that using the same resources one nation can produce a product at a higher cost than can a second nation.

3. At the basis of international trade are the concepts of specialization and economic interdependence.

4. Comparative advantage is the disadvantage that arises from the inability to produce a product at a lower opportunity, cost relative to other products.

5. By specializing in the production of the product it can produce most efficiently, each nation is able to make the best use of its available resources.

14* Complete the following sentences by choosing the one correct variant (a, b or c) that best completes the sen­tence.

1. At the basis of international trade are the concepts of_______________________.

a. well-developed means of production

b. specialization and economic interdependence

с well-tapped natural resources

2. A nation's absolute advantage is measured in relation to___________________________.

a. natural resources

b. means of production

с. other nations

3. A nation's comparative advantage is measured in rela­tion to__________________________.

a. all the goods and services the nation pro­duces

b. voluntary exchange of goods

с labor force

4. Brazil enjoys an absolute advantage over the United States in_________________________.

a. coal production

b. coffee production

с steel production

5. The United States enjoys an absolute advantage over Brazil in the production of_____________________.

a. manufactured foodstuffs

b. convenience goods

с manufactured goods

Unit 4. DISCUSSION

15 Study the expressions in the Useful Language box, which are used to express different language func­tions. The list of expressions in each function can be continued. Think of expressions which can be added to each function.

Useful Language

Expressing agreement

That's true.

I agree.

I totally agree.

I quite agree with that

point of view.

Expressing disagreement

I don't agree.

I'm afraid I don't agree.

Quite the contrary.

I can't agree with that point of view.

Expressing certainty

It is obvious (that)...

I am certain (that)...

I am sure (that)...

Expressing doubt

I doubt that...

It is hardly likely (that).

It's questionable (that)...

Developing the idea

There is one more thing

to be noted...

More than that...

In this connection

I'd like to add...

What is more...

Giving opinions

My point is that...

It is my belief that.

I believe that...

I really think...