Ex.2. Sum up what you remember about the single European currency.

Grammar Revision

Ex.1. Complete the sentences using as … as.

1. Your proposal is interesting but mine is more interesting. Your proposal isn’t ______.

2. You read a lot about the euro but I read more. You didn’t read _______.

3. The last contract was more profitable than this one. This contract isn’t _______.

4. Supermarkets are more convenient than small shops. Small shops aren’t _______.

5. This transaction is less expensive that that one. This transaction isn’t _______.

6. The restaurant was cheaper than we expected. The restaurant wasn’t _______.

7. We have bought less currency than we need. We haven’t bought _______.

8. The financial statement was easier to make than we expected. The financial statement wasn’t _______.

9. Our results are worse than we forecasted. Our results aren’t _______.

10. Their products are reliable but ours are more reliable. Their products aren’t ________.

Ex.2. Complete the sentences using double comparatives (…er and …er, more and more …).

1. As he waited for his first negotiations, he became … (nervous).

2. It’s becoming … (difficult) for me to make such decisions.

3. Our financial situation is getting … (bad).

4. Hotels are getting … (expensive).

5. Our transactions are becoming … (unprofitable).

6. As the conversation went on, she became … (confused).

7. The queue in the supermarket was getting … (long).

8. Price differences in different countries of the Euro zone are becoming … (obvious).

9. It’s becoming … (hard) to find a job in small towns.

10. My business is getting … (profitable).

Ex.3. Complete the sentences with expressions from the box. Use the … the.

1. The … money you earn, the … you waste.

2. The … you improve the quality, the … your business will become.

3. The … he gets, the … he becomes.

4. The … he waited for his boss, the … he became.

5. The … shares you buy, the … profit you make.

6. The … I work in this company, the … I like it.

7. The … the price, the … the quality of the product.

8. The … the car is, the … price is.

9. The … a department store is, the … the choice is.

10. – Are you looking for an expensive flat?

– No, the … the ….

Speech and Discussion

Ex.1. Speak about the Euro. What is special about this currency?

Ex.2. The Euro introduction in the EU is a part of the program of European countries’ integration. Will this facilitate the activity of Ukrainian businessmen in the Euro zone?

Ex.3. What do you think will happen to the exchange rate between the hryvnia and the Euro in the next few years?

Ex.4. Familiarize yourself with the following idioms. Consult your dictionary and translate the sentences into Ukrainian. Think of situations where you could use them.

1. We see eye to eye on the matter, so let’s sign a contract.

2. Instead of firing him, the company let him quit to save face.

3. He fell down on the job and didn’t complete his assignment on time.

4. The owner made a fast buck by selling his business before it failed.

5. He’s crazy to think we will work on Sundays for chicken feed.

Ex.5. Comment on the following:

“A business cannot afford conscience.”

(Anonymous)

TEST 6 (UNIT VI)

Choose the word or word combination to match the definition.

1. A charge paid to a person or a bank for the money borrowed.

2. Illegally giving someone money so that they act in your favour.

3. A book that lists all payments into and withdrawals from a customer's bank account.

4. The most important bank in a country that controls a nation's policy on money and interest rates.

5. A bank that specializes in raising capital for industry.

6. An account with a bank for personal savings.

7. The central banking system of the USA.

8. A system of making payments by having money transferred from an account.

9. A customer's instruction to a bank to pay a certain amount to another person or organization at regular intervals.

10. A free trade association with a common currency and unrestricted movement of capital goods and people between countries.

11. The unit of currency of the European Union.

12. The coins and banknotes that belong to a particular country.

13. Money that can be exchanged for the currency of another country.

14. A group of countries in Europe working to create a stronger world market for European goods and services.

15. The amount of money that a person, an organization or a country has to buy goods and services.

16. The amount of money spent on a piece of business done.

17. An agreement with a company in which the company will pay for a loss or accident in exchange for regular premiums (payments).

18. A large amount of money, goods or property.

19. Disguising the criminal origin of money such as drug money.

20. Change for small purchases.

Unit Vii International business

Lesson 1

Text: International Trade

Grammar: The Infinitive

Terms to remember:

International Trade

International trade is the exchange of goods and services between countries. It enables countries to obtain some goods and services more cheaply than they could produce them for themselves or to consume goods and services which would otherwise be unobtainable from domestic supply sources.

Through international trade countries can improve their living standards. International trade keeps domestic prices down by creating competition at home and provides large markets abroad.

Governments can control international trade. The most common protectionist measures are tariffs (a taxon imported goods), quotas (the maximum quantity of a product allowed into a country during a certain period of time), exchange controls. They raise the price of imported goods to protect national producers.

The international trade that takes place without barriers such as tariffs, quotas and exchange controls is called free trade.

Free trade area is a form of trade integration between a number of countries, in which members eliminate all trade barriers among themselves on goods and services, but each continues to operate its own barriers against trade with the rest of the world.

Exercises in Word Study

Ex.1. Form nouns from the following verbs:

produce, consume, improve, control, protect, integrate, eliminate, operate, supply.

Ex.2. Give the English for:

міжнародна торгівля; покращувати життєвий рівень; контролювати міжнародну торгівлю; протекціоністські заходи; валютне регулювання; підвищувати ціни на імпортні товари; захищати національного виробника; вільна торгівля; усувати всі торгові бар’єри.

Ex.3. Match words from list A with words from list B that have a similar meaning:

Ex.4. Find suitable opposites to the following words and phrases:

domestic; cheaply; obtainable; to raise the price; international trade.

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