Question 1

An example of a sectoral issue is:

Accepted Answer

A)  a dispute regarding the tariffs on a product. 
B)  an issue concerning a particular area of the economy. 
C)  an issue concerning the environmental effects of a product. 
D)  a dispute regarding quotas. 
A)  a dispute regarding the tariffs on a product. 
B)  an issue concerning a particular area of the economy. 
C)  an issue concerning the environmental effects of a product. 
D)  a dispute regarding quotas. B

Question 2

Regarding environmental issues and NAFTA:

Accepted Answer

A)  NAFTA sets strict environmental and ecological standards for all three countries. 
B)  NAFTA calls for the three countries to work together to develop common environmental standards. 
C)  NAFTA countries can continue to ban pesticides without informing each other. 
D)  NAFTA created the NAFTA Commission for Environmental Cooperation, which acts in a purely advisory role in regard to environmental issues. 
A)  NAFTA sets strict environmental and ecological standards for all three countries. 
B)  NAFTA calls for the three countries to work together to develop common environmental standards. 
C)  NAFTA countries can continue to ban pesticides without informing each other. 
D)  NAFTA created the NAFTA Commission for Environmental Cooperation, which acts in a purely advisory role in regard to environmental issues. B

Question 3

NAFTA members have raised tariffs on products that are not North American to stimulate trade between the U.S.,Canada,and Mexico.

Accepted Answer

A) True 
 B)False  False

Question 4

NAFTA's national treatment principle states:

Accepted Answer

A)  all goods claiming to be from a country must be produced in that country. 
B)  all products from a country must have the same amount of tariffs placed on them. 
C)  all imports from a NAFTA country must be treated like similar domestically produced goods. 
D)  all exports from a NAFTA country must meet certain quality standards. 
A)  all goods claiming to be from a country must be produced in that country. 
B)  all products from a country must have the same amount of tariffs placed on them. 
C)  all imports from a NAFTA country must be treated like similar domestically produced goods. 
D)  all exports from a NAFTA country must meet certain quality standards.

Question 5

NAFTA,an economic union,has evolved into a political union similar to the European Union.

Accepted Answer

A) True 
 B)False

Question 6

Regarding sectoral issues and NAFTA:

Accepted Answer

A)  Mexico has long had an open automobile market, which has encouraged trade. 
B)  NAFTA contains specific rules of origin for determining when a textile product has originated in North America. 
C)  no other trade sector is as complex or highly regulated as agricultural trade. 
D)  NAFTA has no rules regarding government procurement. 
A)  Mexico has long had an open automobile market, which has encouraged trade. 
B)  NAFTA contains specific rules of origin for determining when a textile product has originated in North America. 
C)  no other trade sector is as complex or highly regulated as agricultural trade. 
D)  NAFTA has no rules regarding government procurement.

Question 7

Compare and contrast the operations of and standards of review employed by a NAFTA and Binational panel.

Accepted Answer

NAFTA and Binational panels are both inv

Question 8

Write an outline describing a new,improved NAFTA dispute resolution process (you may wish to address only one aspect of the present process).

Accepted Answer

I. Introduction
   A. Explanation of the

Question 9

Harmonized tariff schedules break down product classifications into:

Accepted Answer

A)  6 digits. 
B)  8 digits. 
C)  10 digits. 
D)  12 digits. 
A)  6 digits. 
B)  8 digits. 
C)  10 digits. 
D)  12 digits.

Question 10

Goods that may not contain any non-North American parts or materials in order to obtain NAFTA tariff rates include:

Accepted Answer

A)  minerals mined in North America. 
B)  vegetables grown in North America. 
C)  live animals born and raised in North America. 
D)  scrap derived from production in North America. 
E)  all of these are correct. 
A)  minerals mined in North America. 
B)  vegetables grown in North America. 
C)  live animals born and raised in North America. 
D)  scrap derived from production in North America. 
E)  all of these are correct.

Question 11

NAFTA:

Accepted Answer

A)  lowers tariffs. 
B)  liberalizes trade in goods. 
C)  addresses many regional issues that are of concern to the three countries. 
D)  liberalizes trade in services. 
E)  all of these are correct. 
A)  lowers tariffs. 
B)  liberalizes trade in goods. 
C)  addresses many regional issues that are of concern to the three countries. 
D)  liberalizes trade in services. 
E)  all of these are correct.

Question 12

Production sharing is intended to create U.S.jobs by encouraging the use of U.S.-made components when assembly of a product takes place in a foreign country.

Accepted Answer

A) True 
 B)False

Question 13

Compare and contrast the structure and purpose of a free trade area and a customs union or common market.(Compare and contrast NAFTA with the EU.)

Accepted Answer

A free trade area and a customs union or

Question 14

NAFTA's national treatment principle states that differing standards for North American products must be justified.

Accepted Answer

A) True 
 B)False

Question 15

For most products undergoing a transformation in North America,the rule of origin will be based on:

Accepted Answer

A)  its tariff classification. 
B)  the source of the raw material used in the production of the product. 
C)  its point of origin. 
D)  the product's label. 
A)  its tariff classification. 
B)  the source of the raw material used in the production of the product. 
C)  its point of origin. 
D)  the product's label.

Question 16

A customs union is a free trade area with a common external tariff.

Accepted Answer

A) True 
 B)False

Question 17

Since NAFTA was signed,Mexico has reduced its average applied tariffs on U.S.imports by slightly more than 1%.

Accepted Answer

A) True 
 B)False

Question 18

The maquiladora industry has had both a positive and a negative social and economic impact on the people of Mexico.Assess the relative merits of legislating corporate social responsibility to the residents and towns in which they operate.

Accepted Answer

Legislating corporate social responsibil

Question 19

The passage of NAFTA is unpopular with private sector of the economy in Mexico.

Accepted Answer

A) True 
 B)False

Question 20

A free trade area is:

Accepted Answer

A)  two countries that have a common external tariff. 
B)  a geographic area between two countries where there are no tariffs. 
C)  a group of two or more countries in which import duties and other trade barriers are reduced or eliminated. 
D)  a geographic area between two countries where tariffs are reduced, but not necessarily eliminated. 
A)  two countries that have a common external tariff. 
B)  a geographic area between two countries where there are no tariffs. 
C)  a group of two or more countries in which import duties and other trade barriers are reduced or eliminated. 
D)  a geographic area between two countries where tariffs are reduced, but not necessarily eliminated.

Exam 14: North American Free Trade Law

An example of a sectoral issue is:

Regarding environmental issues and NAFTA:

NAFTA members have raised tariffs on products that are not North American to stimulate trade between the U.S.,Canada,and Mexico.

NAFTA's national treatment principle states:

NAFTA,an economic union,has evolved into a political union similar to the European Union.

Regarding sectoral issues and NAFTA:

Compare and contrast the operations of and standards of review employed by a NAFTA and Binational panel.

Write an outline describing a new,improved NAFTA dispute resolution process (you may wish to address only one aspect of the present process).

Harmonized tariff schedules break down product classifications into:

Goods that may not contain any non-North American parts or materials in order to obtain NAFTA tariff rates include:

NAFTA:

Production sharing is intended to create U.S.jobs by encouraging the use of U.S.-made components when assembly of a product takes place in a foreign country.

Compare and contrast the structure and purpose of a free trade area and a customs union or common market.(Compare and contrast NAFTA with the EU.)

NAFTA's national treatment principle states that differing standards for North American products must be justified.

For most products undergoing a transformation in North America,the rule of origin will be based on:

A customs union is a free trade area with a common external tariff.

Since NAFTA was signed,Mexico has reduced its average applied tariffs on U.S.imports by slightly more than 1%.

The maquiladora industry has had both a positive and a negative social and economic impact on the people of Mexico.Assess the relative merits of legislating corporate social responsibility to the residents and towns in which they operate.

The passage of NAFTA is unpopular with private sector of the economy in Mexico.

A free trade area is:

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Laws Governing Access to Foreign Markets

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters