4. Use one word in each space

1. Miniature bronze knives, axes, and other tools, used in place of the real tools which served as items of t______(5),

were circulating in China as early as 1100 bc.

2. To survive people need to s______(4) goods and to exchange goods people have to measure their value.

3. To be used as means of e______(8), objects should be rare.

4. F______(8) were used as money on some of the islands in the Pacific Ocean because they were beautiful.

5. From the earliest times when commodities such as tobacco and beaver pelts were used as money, to the present

when credit and debit c______ (5) are commonplace, money has always played a central role in the American

experience.

6. Rich countries and large corporations dominate the global m_____(11) and create very unequal relations of power

and information.

7. Critics of f_____(4) trade point out that many of the world's richest countries sheltered their economies by protection

when they were at the start of their own growth.

8. G_____(13) described as a process by which the people of the world are unified into a single society and functioning

together.

9. A f_____(6) year (or financial year) is a period used for calculating annual ("yearly") financial statements in

businesses and other organizations.

10. P_____(9) globalization is the creation of a world government which regulates the relationships among nations and

guarantees the rights arising from social and economic globalization.

5. Translate into Ukrainian

People around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization."

"The Era of Globalization" is fast becoming the preferred term for describing the current times. Just as the Depression, the Cold War Era, the Space Age, and the Roaring 20's are used to describe particular periods of history; globalization describes the political, economic, and cultural atmosphere of today.

6. Complete the dialogue using the words from the box that fit best.

bargaining extend suppliers

fee signed procedure contract deal negotiation

idea

Bob: I have a contact negotiation coming up this week, Linda, it might be a good 1)_____for you to see the 2)_____.

Linda: That sounds very interesting. Who is the other party in this 3)_____?

Bob: One of the 4) The company wants to renegotiate the 5)______we initially 6)_____with them.

Linda: What kind of 7)_____ are they looking for?

Bob: I was informed that the company will only 8)_____their contract with us if we agree to pay them a higher 9)_____. They didn't specify how much, so the agenda of the negotiation will include 10)_____on the new fee.