Oral Practice. Work with a partner and discuss these comprehension questions on Text 3.4

1. What is the essence of international trade?

2. What economic factors are the basis of international trade?

3. What commodities do countries tend to export, according to Heckscher—Ohlin principle?

4. What, in your opinion, grows faster — world trade or world output?

5. What forms of international trade do you known?

6. In what way are the export—import operations exercised under a perfect form of international

trade? Give your own examples of free trade commodities in Russia.

7. What is the difference between perfect and imperfect forms of trade?

8. What can you say about countertrade? What form of international trade should it be referred to

and why?

9. Enumerate the forms of imperfect trade which you know.

10. What is the essence of barter trade?

11. What are the two methods of trading operations employed by producers and buyers?

12. What is meant by an indirect method of international trade?

13. What intermediaries of international trade do you know? Enumerate them.

14. What kinds of trade operations do stockists execute?

15. What is the job of a market maker?

16. On what basis do distributors operate?

17. What parameters determine the deals in a mercantile exchange?

18. What are the three kinds of deals in mercantile exchanges?

19. What can you say about mercantile exchanges, e.g. in France or other countries?

20. What do you know about specific intermediaries — international tenders and international

auctions?

21. Tell us a few words about the English auction.

22. Who wins the Dutch auction?

3.5.2. Oral/Written Practice. Find the English equivalents in Text 3.4