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2. Services, such as insurance, freight, tourism, technical expertise, medical
operations and others sold to other countries are invisible (imports, exports).
3. The difference between total earnings of a country and its total expenditure
is called its balance of (payments, trade).
4. The difference between a country’s earnings for its visible exports and ex-
penditure for its visible imports is called its balance of (payments, trade).
5. The difference between a country’s GNP and its total expenditure is called
its balance of (payments, trade).
6. The total amount of money a country earns including exports, for a certain
period of time, is called (GDP, GNP).
7. The amount of money a country earns for goods and services inside the
country is called (GDP, GNP).
8. If a country sells more goods than it buys it will have a (deficit, surplus).
III. Complete the sentences.
1. If a country buys more goods than it sells it will have a …
2. Gross National Product is the total amount …
3. Gross Domestic Product is …
4. Invisible exports and imports are …
5. Visible exports and imports are …
6. A country’s balance of payments is …
7. A country’s trade balance is …
IV. Say what basic terms, used in foreign trade, you remember.
UNIT 6
ENQUIRES AND OFFERS
1. ENQUIRES
Business transactions usually start with enquiries.
As a rule the prospective buyer gets the name and the address of the prospec-
tive seller either at an exhibition, from an advertisement in a newspaper, maga-
zine, and thanks to a television or radio commercial. All these channels of infor-
mation are very important.
Enquiries can be sent by mail, by telex or by fax. Sometimes enquiries can be
made orally, by telephone.
In the enquiry the prospective buyer states in what goods exactly he is inter-
ested and asks for details on the price and terms of sale.
2. Services, such as insurance, freight, tourism, technical expertise, medical operations and others sold to other countries are invisible (imports, exports). 3. The difference between total earnings of a country and its total expenditure is called its balance of (payments, trade). 4. The difference between a country’s earnings for its visible exports and ex- penditure for its visible imports is called its balance of (payments, trade). 5. The difference between a country’s GNP and its total expenditure is called its balance of (payments, trade). 6. The total amount of money a country earns including exports, for a certain period of time, is called (GDP, GNP). 7. The amount of money a country earns for goods and services inside the country is called (GDP, GNP). 8. If a country sells more goods than it buys it will have a (deficit, surplus). III. Complete the sentences. 1. If a country buys more goods than it sells it will have a … 2. Gross National Product is the total amount … 3. Gross Domestic Product is … 4. Invisible exports and imports are … 5. Visible exports and imports are … 6. A country’s balance of payments is … 7. A country’s trade balance is … IV. Say what basic terms, used in foreign trade, you remember. UNIT 6 ENQUIRES AND OFFERS 1. ENQUIRES Business transactions usually start with enquiries. As a rule the prospective buyer gets the name and the address of the prospec- tive seller either at an exhibition, from an advertisement in a newspaper, maga- zine, and thanks to a television or radio commercial. All these channels of infor- mation are very important. Enquiries can be sent by mail, by telex or by fax. Sometimes enquiries can be made orally, by telephone. In the enquiry the prospective buyer states in what goods exactly he is inter- ested and asks for details on the price and terms of sale. 33
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