E: Completing an outline

Date: 2015-10-07; view: 482.

Reading and Note-Taking Skills

D: Comprehension questions

Listening and Note-Taking Skills

Listen to the passage and answer the following questions about Paragraphs 1, 2, 3, 4, and 5.

1. What advantages do countries derive from world trade?

2. How does efficient production give rise to world trade?

3. How could climate affect a country's production efficiency?

4. How could unskilled laborers be an advantage to a country?

5. How does a free market system determine where goods should be produced?

6. According to Ricardo, what situation would result in mutually beneficial trade?

7. Why do governments encourage exports?

8. How do governments encourage exports?

9. Why do governments try to control imports?

10. What groups sometimes encourage protectionism?

Write an outline of the reading using the following headings and beginning with Paragraph 1. (The Roman numerals do not refer to the paragraph numbers.)

I. Advantages of World Trade

II. Production Efficiency and World Trade

III. Two Theories Regarding International Trade (A. Adam Smith's theory; B. David Ricardo's theory)

IV. Government Policies (A. Encouragement of exports; B. Control of imports)

V. International Monetary Exchange (A. Exchange rates; B. Balance

of payments) VI. Multinational Companies (A. Creation; B. Methods of operation)