Exam 46: International Business Law

The __________ established the MIGA to encourage increased investment in developing nations.

Under the provisions of the Foreign Sovereign Immunities Act:

Under the act of state doctrine, the United States reserves some areas of jurisdiction over the internal actions of sovereign states.

"Normal value" is the price that would be charged for the same or a similar product in the ordinary course of trade for domestic consumption in the exporting country, under the World Trade Organization's:

The international organization which seeks to stabilize currency exchange is the:

The International Anti-Bribery and Fair Competition Act of 1998 was enacted to expand the Foreign Corrupt Practices Act to include:

Assume that Denmark, a member of the European Community, is contemplating the enactment of a protective tariff for its fledgling electronics industry due to domestic political and economic pressures. Assume further that the EC has a tariff that it has also enacted for all electronics manufacturers within the EC that is considerably lower than the one that is being proposed in Denmark. The policy behind the lower EC tariff is to promote freer trade even at the risk of destroying some of the weaker manufacturers in that organization. In this situation:

The European Community was formed through a merger between the Common Market, the European Coal and Steel Community, and the European Atomic Energy Community.

Expropriation of property by a foreign government for a public purpose with the payment of just compensation, but without the consent of the owner, violates generally observed principles of international law.

The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction if the suit is based on which of the following?

Define and discuss the doctrine of "sovereign immunity." Discuss how the Foreign Sovereign Immunities Act of 1976 has codified this area of law. Give examples of how the Act works.

Governments can use nontariff barriers to give local industries a competitive advantage.

Section 1 of the Sherman Act provides that U.S. antitrust laws shall have a narrow reach.

Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid, either directly or indirectly, by the domestic concern on whose behalf they acted.

The act-of-state doctrine provides that to maintain international relations and trade, a host country must refrain from imposing its laws on a foreign sovereign nation present within its borders.

A letter of credit is a promise by a buyer's bank to pay the seller, provided certain conditions are met.

Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders is referred to as a:

Regional trade communities exist in Europe, North America, Central America, Africa, and Asia.

Assume the U.S. has granted "most-favored nation" status to Holland. This means that the tariff on Dutch imported tobacco must be at least as low as that charged on tobacco from any other nation.

The United States and a Latin American country signed a treaty whereby the United States agreed to assist the Latin American country in controlling drug traffic. The United States, following the treaty, seized 100 square meters of land and bulldozed it, because it was a suspected haven of drug smuggling. The land in question was in Latin America, but belonged to an American citizen. Which of the following is correct?