Exam 24: International Business

Set forth the private and public factors the U.S.Supreme Court set forth in Gilbert Oil Corp.v.Gilbert that a court should consider in deciding whether to dismiss a case based on forum non conveniens?

Civil law systems are based on British law.

A(n)_______ has features of a customs union but goes a step further by eliminating barriers that restrict the movement of labor,capital,and technology among member nations.

The process in which existing common law positions are restated and laid down in a statute is referred to as _______.

The ________ collects U.S.tariffs in this country.

The European Commission is the ________ of the European Union.

Under Islamic law,"Zakat" is the allocation of certain taxes to deprived and poor people as a welfare contribution.

________ is the process by which a country asserts a right to regulate activities that occur beyond its borders.

In the United States,the value of an article for customs purposes is normally the ________ value,which is the price indicated on the sales invoice.

A ________ is created when a group of states reduce or eliminate tariffs between themselves but maintain their own individual tariffs as to other states.

Choice-of-law provisions in a contract seek to avoid later disputes over which law applies.

A product is ________ when it is sold abroad below the current selling price in the exporter's home market or below the exporter's cost of production.

When internationally accepted arbitration rules are used in conjunction with the parties' own methods of selecting an arbitration panel,it is known as a(n)________ arbitration.

The transfer of technical data to a foreign citizen while present in the U.S.is generally not considered to be an export.

The ________ was created to provide financing for the purchase of U.S.exports.

Jackson owns a business in a foreign country that is considered "friendly" with the U.S.but which has significant political unrest. Jackson is uneasy about the situation in the country. He is concerned that his business could be the subject of a taking by the foreign country or losses due to civil unrest. What advice would you give him?

U.S.trade laws are enacted by the Congress pursuant to the treaty power of the U.S.Constitution.

Countries are prohibited by international law from regulating the percentage of foreign ownership of businesses that are incorporated within their borders.

The members of the European Parliament are elected by the ________ of the member states.

________ tariffs require the importer to pay a percentage of the value of the imported merchandise.