H: Rephrasing words and expressions

Date: 2015-10-07; view: 486.

Vocabulary Review: Rephrasing

Rewrite the following sentences. Replace the words and expressions in italics with expressions from the text which have the same meaning.

1. Most countries today benefit from world trade.

2. Workers with very little training are able to produce goods which require a lot of hand work.

3. Adam Smith suggested that in a market without government interference countries would produce what had the greatest advantage to them.

4. In a free market different work would be performed in different countries.

5. Countries sell abroad the goods produced most efficiently at home.

6. Governments try to regulate the imports and exports of a country.

7. Some governments give money to companies that export.

8. Governments try to protect their home industries.

9. Governments can limit imports by imposing an import tax.

10. An import duty raises money for the government.

11. Most goods must be paid for in the currency of the producing country.

12. Currencies are bought and sold on a floating rate basis.

13. The rates vary according to market forces.

14. When a country is receiving foreign currency, it means that it is exporting more than it imports.

15. The main company opened up a branch in the foreign country.

16. Multinational companies have a worldwide philosophy of management.