Match the following terms (Column A) with their definitions (Column B).
| A | B |
| 1) globalization | a) an official order stopping trade with another country |
| 2) free trade | b) making a system, laws, or moral attitudes less strict |
| 3) senile | c) united or undivided |
| 4) preferential | d) policy some countries have of helping their own industries by putting a large tax on imported goods or by restricting imports in some other way |
| 5) fixed rate | e) the development of an increasingly integrated economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets |
| 6) dumping | f) the act of obtaining something such as supplies for an army or other organization |
| 7) embargo | g) contrary to the economic system, in which most of the means of production are privately owned and production is guided and income distributed largely through the operation of markets |
| 8) tariff | h) level which stays the same and does not or cannot vary |
| 9) custom | i) money that is paid by a government or organization to make prices lower, reduce the cost of producing goods |
| 10) procurement | j) a tax that people pay for importing and exporting goods |
| 11) ad valorem | k) of or characteristic of old age |
| 12) liberalization | l) the limited number or quantity of something |
| 13) subsidy | m) new, not well-developed |
| 14) protectionism | n) policy by which a government does not discriminate against imports or interfere with exports |
| 15) anticapitalism | o) a tax on goods coming into a country or going out of a country |
| 16) quota | p) periodic fluctuation in the rate of economic activity, as measured by the levels of employment, prices, and production |
| 17) cycle | q) giving or receiving a favour |
| 18) single | r) the way in which wealth, property, etc. is shared among the members of a society |
| 19) distribution | s) the selling of goods in quantity at below market price |
| 20) infant | t) based on value |
7. Fill in the blanks by inserting the following; translate into Russian/ Belarusian.
| a) pillars b) ambiguous c) currency d) checks e) single f) ratified g) intergovernmental h) agreement i) customs j) motion k) work m) policy n) predecessor |
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