Read the text and do the tasks 1. Heterodox economists also criticize the textbooks’ treatment of in...: ответ на тест 1029311 - Английский язык

Read the text and do the tasks
1. Heterodox economists also criticize the textbooks’ treatment of international trade for de-emphasizing the geopolitical context of free trade rhetoric. Trade patterns and other international economic relations have always been deeply influenced by geopolitical factors, exemplified by colonialism, persistent threats of military or covert interventions over economic issues, and the use of foreign aid as a lever for structuring trade relations. This continues today.
2. The deposit of Saudi oil revenues in U.S. banks and the Saudis’ moderation of OPEC price increases, for example, reflect geopolitical forces (such as our military help in maintaining the Saudi regime) as much as market forces. One of the hidden pressures for NAFTA similarly involved U.S. government efforts to gain privileged access for U.S. firms and financial interests to Mexican oil. The latter has been insulated from foreign ownership by Mexican law.
3. The recent push for a neoliberal version of «free trade» (which, for example, often strives to protect intellectual property rights much more vigorously than labor rights) is as laden with nationalist geopolitical agendas as past global trading orders. It is also just as laden with the objectives of private corporations and economic interests in the host nations pushing different policies.
(Steven Mark Cohn : Reintroducing macroeconomics (a critical approach). – M.E. Sharp. Inc., 2007. – P. 208).
Define the statements which correspond to the contents of the text.

Прочитайте текст и определите, какой из заголовков соответствует тексту.
Trade and payments across national borders require that one of the parties to the transaction contract to pay or receive funds in a foreign currency. At some stage, one party must convert domestic money into foreign money. Moreover, knowledgeable investors based in each country are aware of the opportunities of buying assets or selling debts denominated in foreign currencies when the anticipated returns are higher abroad or when the interest costs are lower. These investors also must use the foreign exchange market whenever they invest or borrow abroad. The foreign exchange market is the largest market in the world in terms of the volume of transactions. That the volume of foreign exchange trading is many times larger than the volume of international trade and investment reflects that a distinction should be made between transactions that involve only banks and those that involve banks, individuals, and firms involved in international trade and investment.

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Professor 1: «Could you explain how this method facilitated your work».
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