Question 1

Mexico is likely to defer and give effect to the laws and judicial decrees of the United States as long as

Accepted Answer

A)  the laws and decrees are consistent with Mexican law and public policy. 
B)  smaller countries fear and are intimidated by more powerful nations. 
C)  poorer countries admire and envy richer nations. 
D)  all of the choices.

Question 2

Regional trade agreements and associations help to minimize trade barriers among nations.

Accepted Answer

A) True 
 B)False

Question 3

Under the act of state doctrine, a U.S. court can rule on the validity of a foreign government's acts within its own territory.

Accepted Answer

A) True 
 B)False

Question 4

As part of a deal for power-generating equipment, Solar Wind Company and Thermal Gen Ltd. enter into a written contract that includes a clause providing for the arbitration of any dispute in the United States. Under the New York Convention, if a dispute arises, a court will compel arbitration if both parties are

Accepted Answer

A)  not U.S. citizens. 
B)  U.S. citizens. 
C)  citizens of non-signatory countries. 
D)  citizens of countries that are members of the World Trade Organization.

Question 5

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space. The treaty also prohibits interference with space activities. In effect, these provisions

Accepted Answer

A)  ban the national appropriation of territory in space. 
B)  protect property rights with respect to private space activities. 
C)  assert sovereignty over celestial bodies. 
D)  declare exclusive international jurisdiction over space locations.

Question 6

The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

Accepted Answer

A)  a dumping duty. 
B)  an antidumping duty. 
C)  a quota. 
D)  a tariff.

Question 7

A body of law-formed as a result of international customs, treaties, and organizations-that governs relations among or between nations is

Accepted Answer

A)  space law. 
B)  universal law. 
C)  international law. 
D)  national law.

Question 8

A company can export indirectly and thereby limit its involvement in an international market by making use of agency relationships.

Accepted Answer

A) True 
 B)False

Question 9

The U.S. government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Accepted Answer

A) True 
 B)False

Question 10

Mont Blanc S.A., a French firm, imports its goods into the United States and offers those goods for sale at "less than fair value." Fair value is the price of Mont Blanc's goods in

Accepted Answer

A)  the European market. 
B)  France. 
C)  the United States. 
D)  the world market.

Question 11

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Global Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can

Accepted Answer

A)  subject the private company to the provisions of the Sherman Act. 
B)  bring civil suits under the Alien Tort Claims Act. 
C)  file criminal complaints under Title VII of the Civil Rights Act. 
D)  do nothing.

Question 12

U.S. antitrust laws can protect foreign consumers and competitors from violations committed by U.S. citizens and companies.

Accepted Answer

A) True 
 B)False

Question 13

An allegation that certain imported goods infringe on a U.S. firm's patents will be investigated by the Export-Import Bank of the United States.

Accepted Answer

A) True 
 B)False

Question 14

A U.S. court will likely uphold a contract created in the United Kingdom because the U.K.'s laws are generally compatible with those of the United States.

Accepted Answer

A) True 
 B)False

Question 15

Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

Accepted Answer

A)  the act of state doctrine. 
B)  the doctrine of sovereign immunity. 
C)  the principle of comity. 
D)  the Foreign Sovereign Immunities Act.

Question 16

The parties to an international contract can indicate what court, jurisdiction, or tribunal will decide any disputes arising under the contract.

Accepted Answer

A) True 
 B)False

Question 17

Venezuela seizes the assets of World Oil, Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

Accepted Answer

A)  the act of state doctrine. 
B)  the doctrine of sovereign immunity. 
C)  a court in Venezuela. 
D)  the principle of comity.

Question 18

Under the Outer Space Treaty, a moon, a planet, an asteroid, or any other celestial body is subject to the appropriation of

Accepted Answer

A)  the first nation to explore it. 
B)  the first nation to exploit it. 
C)  the first nation to claim title to it. 
D)  no single nation.

Question 19

Equity International Inc., a U.S. firm, and Finance Invest Ltd., a firm in Great Britain, are parties to a contract with a forum-selection clause. The forum specified in the clause must be within the geographic boundaries of

Accepted Answer

A)  the United States. 
B)  Great Britain. 
C)  none of the choices. 
D)  a "select" forum, such as a United Nations protectorate.

Question 20

Opti-Med Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti-Med's products in Canada. This is

Accepted Answer

A)  a distribution agreement. 
B)  indirect exporting. 
C)  direct exporting. 
D)  licensing.

Exam 23: International and Space Law

Mexico is likely to defer and give effect to the laws and judicial decrees of the United States as long as

Regional trade agreements and associations help to minimize trade barriers among nations.

Under the act of state doctrine, a U.S. court can rule on the validity of a foreign government's acts within its own territory.

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space. The treaty also prohibits interference with space activities. In effect, these provisions

The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

A body of law-formed as a result of international customs, treaties, and organizations-that governs relations among or between nations is

A company can export indirectly and thereby limit its involvement in an international market by making use of agency relationships.

The U.S. government does not generally regulate private spaceports and the launch and reentry of private spacecraft.

Mont Blanc S.A., a French firm, imports its goods into the United States and offers those goods for sale at "less than fair value." Fair value is the price of Mont Blanc's goods in

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Global Mining Company, a U.S. firm. To seek redress for their injuries in a U.S. court, these citizens can

U.S. antitrust laws can protect foreign consumers and competitors from violations committed by U.S. citizens and companies.

An allegation that certain imported goods infringe on a U.S. firm's patents will be investigated by the Export-Import Bank of the United States.

A U.S. court will likely uphold a contract created in the United Kingdom because the U.K.'s laws are generally compatible with those of the United States.

Retail Operations, Inc., a U.S. firm, obtains a judgment in a U.S. court against Shinobu, Ltd., a Japanese business. Whether the court's judgment will be enforced by a court in Japan depends on the Japanese court's application of

The parties to an international contract can indicate what court, jurisdiction, or tribunal will decide any disputes arising under the contract.

Venezuela seizes the assets of World Oil, Inc., a U.S. firm. World Oil's recovery from Venezuela in a U.S. court may be prevented by

Under the Outer Space Treaty, a moon, a planet, an asteroid, or any other celestial body is subject to the appropriation of

Equity International Inc., a U.S. firm, and Finance Invest Ltd., a firm in Great Britain, are parties to a contract with a forum-selection clause. The forum specified in the clause must be within the geographic boundaries of

Opti-Med Inc., a U.S. firm, signs a contract with Pharma Ltd., a Canadian firm, to give Pharma the right to sell Opti-Med's products in Canada. This is