Preparatory School of Economics, Commerce and Management Level : "year Module: English Cep Cer International trade and customs All over the world, big companies had learnt that not only economies of scale but also quality, reliability and competition are important forthe growth of economy. Most people eat food from other continents. Many of us possess consumer durables imported fiom other industrial counties. I ll countries produce and exchange the goods and services in which they have the highest productivity, everyone is richer asa result But cheaper production, such as cheap clothes of shoes manufactured in Aa, leads to the destruction of exiting industries and jobs. Free trade is recommended but governments impose tarifs and taxes in order to favor local industries, as well as jobs: When countries have domestic markets and domestic industries, they cannot be let open to compete in global market without regulatory contols. Domestic industries need to be protected and supported to fae up to competition and markets need to be regulated to ensure no dumping takes place. Moreover countries need to watch over depletion of their natural resources too and control the pricing and financial aspects of intemational trade related to thee country. ‘When goods are imported they are stocked into bonded warehouse, under the contol of the Customs House Officers. Customs duties should be paid and are part ofthe customary revenue ofthe government.Preparatory School of Economies, Commerce and Management Level : 2"year ‘Academieyear: 2015/2016 Date :09 /01 /2016 CEP ‘Module : English Web site : www.prepa-cog.dz ‘Time allocation : 01130 Fall name: / Seetion:.....Group: .... Marks m2 Answer sheet 1. Comprehension questions: answer th following questions accordingto the txt(3pts) 2, What isthe threat caused by cheap production? 3. What isthe advantage of customs duties for the goverment? 4. Why do most governments impose taxes? 1. Vocabulary 8) Find inthe text words to these definitions. Then use them in your own sentences. (pt) 1. The quality of being able fo be trusted to do what somebody wants or needs, 2. Exporting goods at prices lower than the home-marke prices. 1) Choose the best word to ‘each gap from the following list 2.5 pts) branches rate arrange charges city balance high street ceque credits overdraft share interest manage transfer statement transactions level My name is Jenny Logan.'m in charge of e-banking st Soot West Bank. We have local like all other bank, but more and more of our customers are using the intemet. Our “Intemet only” savings account allows customers t0 their ‘money 24 hours @ day. You ean check your account day oF night, if you vant, money from one aecount to another. You don’t get @‘ook but you can pay bills electronically, Also we don’t send a bank through the post every month because you ean print one off at any ime. Intemet banking is very efficient so our se lower and we pay more one-accounts At the moment the worst 8 4%, M1. Grammar Complete the second sentence soit has a lar meaning tothe frst sentence(15 pts) 1). There was a dramatic improvement in our share price last month Last month our 2 Ter haben dp in denen forcil over he las few months Demand for oi 2) Teta ee dl in epee ‘Unemployment. . : IV, Written expression: Free trade isthe system recommended by WTO (World Trade Organisation. I this system the ‘one Algeria should apply today for is exchanges with other couniries?Explate with arguments(4 pts) Good luckPreparatory School of Economies, Commerce and Management Level : 2"year a Module : English Miner oss = CEp ee tar or dove Timaluenn Ono International trade and customs Allover the world, big companies had learnt that not only economies of scale but also quality reliability and competition are important forthe growth of economy. Most people eat food from other continents, Many of us possess consumer durebles imported from other industrial counties. If ll countries produce and exchange the goods and services in which they have the highest productivity, everyone is richer asa result. But cheaper production, such as cheap clothes or shoes manufactured in Asia, leads to the destucton of ‘existing industries and jobs. Free trade is recommended but governments impose tarfls and taxes in order to favor local industries, as wel as jobs: When countries have domestic markets and domestic industries, ‘hey cannot be left open to compete in global market without regulatory ccntrols. Domestic industries need to be protected and supported to face up t competition and markets need tobe regulated to ensure no dumping takes place. Moreover counties need to watch over depletion ‘of ther nstural resources too and contol the pricing and financial aspects of international trade related to their county, ‘When goods are imported, they are stocked into bonded warehouse, under the control of the Customs House Officers, Customs duties should be paid and are part af the customary revenue ofthe goveramentPreparatory School of Economies, Commerce and Management Level : 2™year € ~ Module : English Academlnear: 2015/2016 Website: war prepuce Dats oizti6 ce Tine sleatin 01130 Fala: Tr) Seton Group os Me dueni: 1. Explain the systom of economies of scale. “I countres can specialise inthe production of certain goods they can benef from economies of scale and lower average costs 2. What isthe threat caused by cheap production? ‘can lead tothe destruction of some industries and jobs 3. What isthe advantage of customs due for the government? 1 provides revenue forthe government. 4. Why do most governments impose taxes? {In order to protect local industries and jobs and tobe sure that there is no demping takesplace. M1. Vocabulary 1) Find in the text words to these definitions. Then use them in your own sentences. (Ipt) 1. The quality of being able tobe trusted to do what somebody wants or needs Reliability 2. Exporting goods at prices lower than the home-market prices. Dumping +b) Choose the best word to fill each gap from the folowing list. (2.5 pts) ‘ranches rate arrange charges city balance high street cheque credits ‘overdraft share interest manage transfer. statement transactions level ‘My mime is Jenny Logan,('m in charge of e-banking at Scot West Bank We have local ‘ranches like all otherhigh sreefbanks, but more and more of our customers are using the intemet. Out “Intenet only” savings account allows customers to manage theit money 24 hours fa day. You can check your sccounthalancedsy ot night, if you wanlransfrmoney from one socount to another. You don't get @ cheque book but you can pay bills electcnically, Also we don’t send a bankstatement through the post every month because you can pat one off at any time. Internet banking is very efficient so ourgharges are lower and we pay more iverest on &- accounts At the moment the rates 49%MM. Grammar ‘Complete the second sentence soit has a similar meaning tothe first sentence. (LS pts) 1) There was a dramatic improvement in out share price last month Last month our share prce improved dramatically 2) Thee has been a drop in demand for oil over the las few months Demand for oil has dropped over the last fewmonths 3) There has been a gradual rise in unemployment this month, ‘Unemploymenthas risen gradually this month IV. Written expression: ‘Free trade is the system recommended by WTO (World Trade Organization), I this system the ‘one Algeria should apply today for its exchanges with other countries?Explaia with arguments. 4 pts Good luck