Put the verbs in brackets in the right form of the Past Tense or Past tense Continuous:
1. Adam Smith (1723-1780) __________ the concept of working capital. (introduce)
2. He ____________ the origins of wealth creation _____________ the benefits of free trade. (explain/advocate)
3. He ___________ the economic relationship between the classes: workers, who ______________ their living by wage labor; capitalists who ____________ income from profits. (analyze / earn / derive)
4. The supply and demand relationship _________ prices. (determine).
5. He always ____________ his agent the commission in time. (pay).
6. Last century the same companies ____________ soft commodities, such as grain, coffee, cocoa, wool, cotton, jute, rubber on commodity markets. (trade)
7. When we began the meeting the accountants still _________ the loss. (calculate)
8. When I called, the new board members ___________ to setting out the new priorities. (work)
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1. introduces
2. explains, advocate
3. analyzes, earn, are deriving
4. is determing prices
5. pays
6. were trading
7. calculate
8. work
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