Exam 52: International Law in a Global Economy

The United States taxes each barrel of imported oil at a flat rate. This is

The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign investment and employment markets. They are considering ei?ther opening their own production facility in a foreign country or enter?ing into a licensing agreement with a foreign firm. What are the advan?tages and disadvantages of each of these courses of action?

Business Abroad, Inc., a U.S. firm, obtains a judgment in a U.S. court against Quang Tri, Ltd., a Vietnamese business. Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of

Common law and civil law systems are wholly distinct.

The Foreign Sovereign Immunities Act spells out the particulars of what constitutes a com?mercial activity.

Standard International Diversified Corporation (SIDC) owns assets in Tagistan, a new country in Asia. The gov?ernment of Tagistan wants to nationalize all assets owned by foreign firms and investors. What can SIDC do? Can it at least obtain payment for the assets?

Fabiola, or any foreign citizen, can bring a civil suit in a U.S. court for

Congress cannot impose any restrictions on exports except taxes.

The simplest way for a U.S. firm to do business in a foreign mar?ket is to ex?port its products directly to that market.

A foreign citizen can bring a civil suit in a U.S. court for a violation of a treaty of the United States.

Pakistan giving effect to the laws and court decisions of the United States is an application of

The government of Iran violates an international law. Persuasive tactics to remedy the situation fail. The only recourse of other nations is to

Sudan seizes the assets of Triage Medical, Inc., a U.S. firm. Triage's recovery from Sudan in a U.S. court may be prevented by

The Association of Southeast Asian Nations is a regional trade associa?tion that was created through

China and India form an agreement to govern their commercial ex?changes with one another. This is

Expropriation occurs when a government seizes private property for an il?legal pur?pose and awards just compensation.

Dumping is the sale of imported goods at "greater than fair value."

Innovative Manufacturing Company, a U.S. firm, signs a contract with Librador Corporacion, a Columbian firm, to give Librador the right to use Innovative's production processes. This is

The chief aim of the European Union and other trade organizations is to minimize trade barriers among their members.

Overseas Trading Corporation is a U.S. firm that does business here and abroad. International law establishes standards for