Read the text, complete it using the words from the box, and translate it into Russian

Commodities, quotas, limits, production, tariffs

By quotas in international trade we mean the quantitative... (1) placed on the importation of specified

Commodities. The protection afforded by... (2) is more certain than can be obtained by raising

Import... (3) as the effect of the latter will depend on the price elasticities of the imported... (4). Quotas,

Like tariffs, can also be used to favour a preferred source of supply. The term also applies to quantitative

Restrictions on... (5) which may be set by cartels or colluding oligopolists.

4.7.4. Written/Oral Practice

Make up sentences and microdialogues with the following word combinations on the subject of the unit.

Work with a partner.

А) пошлина — tax, tariff, duty, excise

Excise — акцизная пошлина excise — акцизная пошлина duty on luxury gods — пошлина на предметыimport (entrance) duty, importax, duty роскошиon imports

(on entry), charge on imports nfant-industry duty, protective duty-покрови-— возная,

Импортная пошлина тельственая пошлина для новых отраслей проlevieduty, imposed tax — взимаемая пошмышленостилина

Protective (protection) tarif — протекционистforeign trade duty — внешнеторговая пош ская пошлина

Import (entrance) duty, import tax, duty on imports

(on entry), charge on imports — ввозная,