Question 1

Describe the similarities between and among customs unions,free trade areas,and common markets (giving examples of each).

Accepted Answer

Customs unions, free trade areas, and co

Question 2

The EU Commission coordinates the following areas:

Accepted Answer

A)  fisheries. 
B)  monetary affairs. 
C)  social policy. 
D)  All of these are correct. 
A)  fisheries. 
B)  monetary affairs. 
C)  social policy. 
D)  All of these are correct.

Question 3

How many representatives is each member country allowed to appoint to the European Union's Council of Ministers?

Accepted Answer

A)  Three 
B)  Two 
C)  One 
D)  None, the members of the presiding council make the appointments 
A)  Three 
B)  Two 
C)  One 
D)  None, the members of the presiding council make the appointments

Question 4

In the Blanco and Fabretti case,the ECJ reviewed Italy's dual taxation laws on casino earnings and determined it restricted improperly the EU principle of:

Accepted Answer

A)  Freedom of capital. 
B)  Freedom to provide services. 
C)  Freedom of movement of goods 
D)  Freedom of movement of people. 
A)  Freedom of capital. 
B)  Freedom to provide services. 
C)  Freedom of movement of goods 
D)  Freedom of movement of people.

Question 5

Free movement of people in the EU:

Accepted Answer

A)  allows EU residents to travel, live, study and work in other EU member states. 
B)  is not subject to any limitations whatsoever. 
C)  still requires border controls between most member states. 
D)  allows for immigration to the EU that was previously deemed illegal. 
A)  allows EU residents to travel, live, study and work in other EU member states. 
B)  is not subject to any limitations whatsoever. 
C)  still requires border controls between most member states. 
D)  allows for immigration to the EU that was previously deemed illegal.

Question 6

The Treaty of Lisbon provides a mechanism for EU states to leave the EU.

Accepted Answer

A) True 
 B)False

Question 7

One of the goals of the Single European Act (SEA)was to achieve political integration by 2000.

Accepted Answer

A) True 
 B)False

Question 8

In order to participate in the Monetary Union,Maastricht requires European Union members to achieve all of the following except:

Accepted Answer

A)  a budget deficit of no greater than 3% of the GDP. 
B)  an inflation rate within 1.5% of the three best nations. 
C)  exchange rate stability. 
D)  Maastricht requires all three. 
A)  a budget deficit of no greater than 3% of the GDP. 
B)  an inflation rate within 1.5% of the three best nations. 
C)  exchange rate stability. 
D)  Maastricht requires all three.

Question 9

The Four Freedoms include:

Accepted Answer

A)  capital. 
B)  people. 
C)  goods. 
D)  all of these are correct. 
A)  capital. 
B)  people. 
C)  goods. 
D)  all of these are correct.

Question 10

The Commission of the European Communities v.Italian Republic involved the importation of vegetable fats labeled as "chocolate substitutes."

Accepted Answer

A) True 
 B)False

Question 11

The European Union is committed to a common foreign policy and individual state sovereignty over economic issues.

Accepted Answer

A) True 
 B)False

Question 12

Compare and contrast the various dispute resolution mechanisms available to an EU member.

Accepted Answer

Dispute resolution mechanisms available

Question 13

The agreement that officially formed the European Community was:

Accepted Answer

A)  The European Economic Community Act. 
B)  The Treaty of Rome. 
C)  GATT. 
D)  Organization for Economic Cooperation & Development. 
A)  The European Economic Community Act. 
B)  The Treaty of Rome. 
C)  GATT. 
D)  Organization for Economic Cooperation & Development.

Question 14

Members of the EU include the following countries except:

Accepted Answer

A)  France. 
B)  Luxembourg. 
C)  Italy. 
D)  Switzerland. 
E)  All of these are members. 
A)  France. 
B)  Luxembourg. 
C)  Italy. 
D)  Switzerland. 
E)  All of these are members.

Question 15

The General Court was established to reduce the workload of the European Court of Justice.Its jurisdiction is limited to:

Accepted Answer

A)  appeals of the Commission's decisions on mergers and acquisitions. 
B)  hearing cases between EU institutions and their employers. 
C)  appeals related to penalties imposed for Non-European Community companies' price-fixing. 
D)  all of these are correct. 
A)  appeals of the Commission's decisions on mergers and acquisitions. 
B)  hearing cases between EU institutions and their employers. 
C)  appeals related to penalties imposed for Non-European Community companies' price-fixing. 
D)  all of these are correct.

Question 16

The formation of the European Economic Community created a uniform external tariff for non-members that complied with the objectives of GATT.

Accepted Answer

A) True 
 B)False

Question 17

Since 2008,the Eurozone has experienced a financial crisis.Two of the weakest economies that were adversely affected in the entire Eurozone are:

Accepted Answer

A)  Germany and Greece. 
B)  Greece and Turkey. 
C)  Greece and Spain. 
D)  Germany and Spain. 
A)  Germany and Greece. 
B)  Greece and Turkey. 
C)  Greece and Spain. 
D)  Germany and Spain.

Question 18

The Council of Europe is an EU institution.

Accepted Answer

A) True 
 B)False

Question 19

The appropriate EU court with original jurisdiction to hear complaints about violation of the European Convention on Human Rights and the Anti-Torture Convention is the:

Accepted Answer

A)  International Court of Justice. 
B)  European Court of Justice. 
C)  International Criminal Court. 
D)  European Court of Human Rights. 
A)  International Court of Justice. 
B)  European Court of Justice. 
C)  International Criminal Court. 
D)  European Court of Human Rights.

Question 20

The European Court of Justice and the International Court of Justice have concurrent jurisdiction over EU member international trade disputes with non-EU members.

Accepted Answer

A) True 
 B)False

Exam 15: The European Union

Describe the similarities between and among customs unions,free trade areas,and common markets (giving examples of each).

The EU Commission coordinates the following areas:

How many representatives is each member country allowed to appoint to the European Union's Council of Ministers?

In the Blanco and Fabretti case,the ECJ reviewed Italy's dual taxation laws on casino earnings and determined it restricted improperly the EU principle of:

Free movement of people in the EU:

The Treaty of Lisbon provides a mechanism for EU states to leave the EU.

One of the goals of the Single European Act (SEA)was to achieve political integration by 2000.

In order to participate in the Monetary Union,Maastricht requires European Union members to achieve all of the following except:

The Four Freedoms include:

The Commission of the European Communities v.Italian Republic involved the importation of vegetable fats labeled as "chocolate substitutes."

The European Union is committed to a common foreign policy and individual state sovereignty over economic issues.

Compare and contrast the various dispute resolution mechanisms available to an EU member.

The agreement that officially formed the European Community was:

Members of the EU include the following countries except:

The General Court was established to reduce the workload of the European Court of Justice.Its jurisdiction is limited to:

The formation of the European Economic Community created a uniform external tariff for non-members that complied with the objectives of GATT.

Since 2008,the Eurozone has experienced a financial crisis.Two of the weakest economies that were adversely affected in the entire Eurozone are:

The Council of Europe is an EU institution.

The appropriate EU court with original jurisdiction to hear complaints about violation of the European Convention on Human Rights and the Anti-Torture Convention is the:

The European Court of Justice and the International Court of Justice have concurrent jurisdiction over EU member international trade disputes with non-EU members.

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

North American Free Trade Law

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