Exercise 1. open the brackets paying special attention to passive voice: 1. some finance for fixed capital (to require) initially for advance payment. 2. the concept of division of labour (to relate) closely to specialization nowadays. 3. the laws of demand and supply and the connection between the cost of production and supply (to work out) by d. lardner, an irish professor of philosophy of the university of london. 4. main terminal markets (to situate) in london and new york. 5. oligopoly (to characterize) by a small number of firms and a great deal of interdependence. 6. economic power in the usa (to distribute) very unevenly. 7. in 1980 the sherman act (to pass), which (to outlaw) any contract, combination, or conspiracy in restraint of trade and (to make) it illegal to monopolize trade. 8. last year most capital goods (to own) by the firm that (to use) them. 9. profits (to define) as the difference between total revenues and total costs. 10. much of this information (to attribute) to cost-cutting in future. 11. the cairo underground system (to be developed) by campenon bernard, a subsidiary of the vinchi group. 12. they think the risks (to be exaggerated) and growth prospects underestimated, leading to underprising. 13. despite building export strength, any improvement in the trade balance (to be severely limited) by the surge of imports. 14. efforts (to be made) to reverse the situation

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