КОНТРОЛЬНАЯ РАБОТА №1 (I семестр)
для студентов специальности «Таможенное дело»
РАБОТА С ТЕКСТОМ
The open economy and international trade

Упражнение 1.
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The open economy and international trade
1. All through history, people from one society have been trading with
people from another. Three thousand years ago, for example, the Phoenicians
of the Mediterranean built an economy almost completely on foreign trade. In
the jargon of economics, the Phoenicians had an open economy, and almost
every economy since theirs has been open too.
2. When an economy is open, this basically means that it imports and
exports goods and services. What are the benefits of doing this? First of all, if
you trade with other economies, you can import goods that do not exist in
your economy. These may be products that your economy cannot
manufacture, but they may also be raw materials. With a wider range of raw
materials, an economy is able to use its capital and labour to produce a wider
range of products. In this way, importing can actually help an economy grow.
What’s more, if you allow imports from other countries, then you will have
trading partnerships. This means that you can export to countries. If you have
customers all over the world, your economy will grow faster.
3. However, another important reason for trading is to ex