Question 1

The World Trade Organization (WTO)dispute settlement body is the first body to hear a settlement dispute among member nations.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is true of the European Union?

Accepted Answer

A)  All issues have to be passed unanimously by the EU members to be enforced. 
B)  Every country in the European Union has adopted the euro as its monetary unit. 
C)  Custom duties have been removed among member nations of the European Union. 
D)  Custom tariffs have been removed for trade between the EU and the rest of the world. 
A)  All issues have to be passed unanimously by the EU members to be enforced. 
B)  Every country in the European Union has adopted the euro as its monetary unit. 
C)  Custom duties have been removed among member nations of the European Union. 
D)  Custom tariffs have been removed for trade between the EU and the rest of the world.

Question 3

The classical Hindu law was based on ________.

Accepted Answer

A)  civil codes 
B)  court decisions 
C)  works of private scholars 
D)  canons called Torahs 
A)  civil codes 
B)  court decisions 
C)  works of private scholars 
D)  canons called Torahs

Question 4

Which of the following statements is true of the International Court of Justice?

Accepted Answer

A)  It is the executive branch of the United Nations that helps interpret international law. 
B)  It only hears cases of nations, and not of individuals and businesses. 
C)  It does have the authority to hear cases involving treaties and UN charters. 
D)  It is headed by the secretary-general of the United Nations. 
A)  It is the executive branch of the United Nations that helps interpret international law. 
B)  It only hears cases of nations, and not of individuals and businesses. 
C)  It does have the authority to hear cases involving treaties and UN charters. 
D)  It is headed by the secretary-general of the United Nations.

Question 5

Ecuador, Algeria, and the United Arab Emirates are members of the ________.

Accepted Answer

A)  North American Free Trade Agreement 
B)  Dominican Republic-Central America Free Trade Agreement 
C)  Association of Southeast Asian Nations 
D)  Organization of the Petroleum Exporting Countries 
A)  North American Free Trade Agreement 
B)  Dominican Republic-Central America Free Trade Agreement 
C)  Association of Southeast Asian Nations 
D)  Organization of the Petroleum Exporting Countries

Question 6

If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles, it violates the ________ of the U.S. Constitution.

Accepted Answer

A)  Equal Protection Clause 
B)  Foreign Commerce Clause 
C)  Supremacy Clause 
D)  Due Process Clause 
A)  Equal Protection Clause 
B)  Foreign Commerce Clause 
C)  Supremacy Clause 
D)  Due Process Clause

Question 7

The U.S. Constitution divides the power to regulate foreign affairs equally between the federal and state governments.

Accepted Answer

A) True 
 B)False

Question 8

The ________ administers the day-to-day operations of the UN.

Accepted Answer

The answer of The ________ administers the day-to-day operations of...

Question 9

The UN Secretariat is headed by the secretary-general of the UN.

Accepted Answer

A) True 
 B)False

Question 10

The North American Free Trade Agreement (NAFTA)includes special protection for favored industries that have a lot of lobby muscle.

Accepted Answer

A) True 
 B)False

Question 11

The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.

Accepted Answer

A) True 
 B)False

Question 12

The UN does not allow permanent membership of the Security Council to any member nation.

Accepted Answer

A) True 
 B)False

Question 13

Throughout Christianity, divine and natural laws have been issued in the form of ________.

Accepted Answer

A)  edicts 
B)  conventions 
C)  novations 
D)  canons 
A)  edicts 
B)  conventions 
C)  novations 
D)  canons

Question 14

The World Trade Organization (WTO)panel adopts the panel report and issues remedies for the violation.

Accepted Answer

A) True 
 B)False

Question 15

The euro can only be used in countries that are part of the eurozone.

Accepted Answer

A) True 
 B)False

Question 16

The UN Security Council is composed of all the UN member nations.

Accepted Answer

A) True 
 B)False

Question 17

________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.

Accepted Answer

A)  Equal Protection Clause 
B)  Supremacy Clause 
C)  Forum-selection clause 
D)  Choice of law clause 
A)  Equal Protection Clause 
B)  Supremacy Clause 
C)  Forum-selection clause 
D)  Choice of law clause

Question 18

The ________ Act exclusively governs suits against foreign nations that are brought in federal or state courts in the United States.

Accepted Answer

Foreign So

Exam 26: International and World Trade Law

The World Trade Organization (WTO)dispute settlement body is the first body to hear a settlement dispute among member nations.

Which of the following statements is true of the European Union?

The classical Hindu law was based on ________.

Which of the following statements is true of the International Court of Justice?

Ecuador, Algeria, and the United Arab Emirates are members of the ________.

If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles, it violates the ________ of the U.S. Constitution.

The U.S. Constitution divides the power to regulate foreign affairs equally between the federal and state governments.

The ________ administers the day-to-day operations of the UN.

The UN Secretariat is headed by the secretary-general of the UN.

The North American Free Trade Agreement (NAFTA)includes special protection for favored industries that have a lot of lobby muscle.

The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.

The UN does not allow permanent membership of the Security Council to any member nation.

Throughout Christianity, divine and natural laws have been issued in the form of ________.

The World Trade Organization (WTO)panel adopts the panel report and issues remedies for the violation.

The euro can only be used in countries that are part of the eurozone.

The UN Security Council is composed of all the UN member nations.

________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.

The ________ Act exclusively governs suits against foreign nations that are brought in federal or state courts in the United States.

Legal Heritage and the Digital Age

Ethics and Social Responsibility of Business

Courts, Jurisdiction, and Administrative Agencies

Judicial, Alternative, and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Formation of Traditional and E-Contracts

Performance and Breach of Traditional and E-Contracts

E-Commerce and Digital Law

UCC Sales and Lease Contracts and Warranties

Credit, Secured Transactions, and Bankruptcy

Small Business and General and Limited Partnerships

Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business

Corporations and the Sarbanes-Oxley Act

Investor Protection, E-Securities, and Wall Street Reform

Agency Law

Equal Opportunity in Employment

Employment Law and Worker Protection

Labor Law and Immigration Law

Antitrust Law and Unfair Trade Practices

Consumer Protection

Environmental Protection

Land Use Regulation and Real Property

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