Unit 9. International markets

increase wealth

увеличить достаток

International markets ______ _____ and improve the choice of goods and services.

exploit workers

эксплуатировать работников

According to Marx, the bourgeoisie in capitalist societies _____ ______.

trade barriers

торговые барьеры

Over the last 50 years, ____ ______ have been coming down.

open borders

открытые границы

widen the gap

увеличить разрыв

Critics argue that economic liberalism can _____ __ ___ between the rich and the poor.

subsidies

money given as part of the cost of something to help or encourage it to happen

The government is planning to abolish ______ to farmers.

subsidise

to pay part of the cost of something (VERB)

Government grants help to __________ alternative energy research.

liberalise

to make laws, systems, or opinions less severe

They have plans to _______ the prison system.

quota

a fixed, limited amount or number that is officially allowed

The country now has a _____ on immigration.

dumping

the practice of selling products very cheaply in another country, in order to stop companies in that country from being able to compete

laissez-faire

If a government is _______, it does not have many laws and rules that control the buying and selling of goods and services.

/ˌleɪ.seɪˈfeər/

The government's ________ policy sparked economic growth by reducing excessive regulations.

deregulation

the action of removing national or local government controls or rules from a business or other activity

_________ has led to higher electricity prices in many states.

tariff

a charge either for services or on goods entering a country (пошлина)

Trump wants to impose ____s on imported goods.

unfair competition

нечестная конкуренция

overseas market

заграничный рынок

break into a market

выйти на рынок

It's hard to ____ ___ __ _____ with a new product.

carry out a market survey

провести исследование рынка

It is advisable to ____ ___ __ ______ ______ before you go for any product.

place an order

разместить заказ

If you’d like to ____ __ _____, press one.

comply with

act according to an order, set of rules, or request

There are serious penalties for failure to _____ ___ the regulations.

cost price

the amount of money that is spent to produce goods or services, or to buy them before selling to someone else, without a profit being added

We were able to buy the furniture from a friend at ____ ____.

trade deficit

a situation in which a country imports more than it exports

trade surplus

a situation in which a country exports more than it imports

economic slowdown

экономический спад

The ________ ______ has been deep and long.

seek

look for

Many travelers decide to ___ help from travel agencies.

fundamental cause

основная причина

The value of the yuan is not the _________ ____ of the US trade deficit.

exceed

to be greater than a number or amount

The success of our campaign has _____ed our wildest expectations.

sustained benefits

устойчивая выгода

An open US and an open China will lead to _______ ______ for both US companies and citizens.

by an average

в среднем

Avoiding alcohol and cigarettes prolongs life __ __ ______ of six years.

labour union

профсоюз

The government's proposals have been strongly criticized by _____ ____s.

rise against

расти по отношению к

According to the prognosis, the yuan will continue to ___ ____ the US dollar.