Question 1

Restrictions on imports include tariffs.

Accepted Answer

A) True 
 B)False

Question 2

Renew Energy Company, a U.S. firm, and Seawater Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

Accepted Answer

A)  ​any specified third party. 
B)  ​the American Arbitration Association. 
C)  ​the Dutch Arbitration Organization. 
D)  ​the International Chamber of Commerce.

Question 3

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Deep 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 4

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

Accepted Answer

A) True 
 B)False

Question 5

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Accepted Answer

A) True 
 B)False

Question 6

Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are

Accepted Answer

A)  ​encouraged by credit guaranties to lend such funds. 
B)  ​discouraged by administrative rules to make such loans. 
C)  ​asked by enforcement agencies to report such requests. 
D)  ​banned by statute from opening such credit lines.

Question 7

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 8

Significant business develops in Spain for Graphic Comix, Inc., a U.S. firm. Graphic Comix appoints Comicas Graphico, Ltd., a Spanish firm, to act as Graphic Comix's marketing representative in Spain. This is

Accepted Answer

A)  ​a joint venture. 
B)  ​franchising. 
C)  ​indirect exporting. 
D)  ​licensing.

Question 9

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

Accepted Answer

The answer of The management of Sport Shoes Corporation, a...

Question 10

The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States, Canada, and Mexico.

Accepted Answer

A) True 
 B)False

Question 11

The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

Accepted Answer

A) True 
 B)False

Question 12

Munchies Bistro Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use Munchies's trademark in restaurants in France. This is

Accepted Answer

A)  ​a distribution agreement. 
B)  ​a joint venture. 
C)  ​direct exporting. 
D)  ​licensing.

Question 13

U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad.

Accepted Answer

A) True 
 B)False

Question 14

The basis for India to give effect to the laws and court decisions of the United States is primarily

Accepted Answer

A)  ​courtesy and respect. 
B)  ​U.S. military superiority. 
C)  ​the relative economic power of the two nations. 
D)  ​United Nations resolutions.

Question 15

A party to a licensing agreement generally agrees to pay royalties on some basis.

Accepted Answer

A) True 
 B)False

Question 16

According to the Foreign Sovereign Immunities Act, a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

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

Question 18

Under the principle of comity, all foreign governments are subject to all U.S. laws.

Accepted Answer

A) True 
 B)False

Question 19

The doctrine of sovereign immunity can immunize a foreign nation from the jurisdiction of U.S. courts.

Accepted Answer

A) True 
 B)False

Question 20

The chief aim of the World Trade Organization is to minimize trade barriers among its members.

Accepted Answer

A) True 
 B)False

Exam 24: International and Space Law

Restrictions on imports include tariffs.

Renew Energy Company, a U.S. firm, and Seawater Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

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

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.

Northwest Resources, Inc., and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resources and Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law, Commerce and other U.S. banks are

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

Significant business develops in Spain for Graphic Comix, Inc., a U.S. firm. Graphic Comix appoints Comicas Graphico, Ltd., a Spanish firm, to act as Graphic Comix's marketing representative in Spain. This is

The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States, Canada, and Mexico.

The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

Munchies Bistro Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use Munchies's trademark in restaurants in France. This is

U.S. laws that prohibit discrimination in employment apply to U.S. employees working for U.S. firms located abroad.

The basis for India to give effect to the laws and court decisions of the United States is primarily

A party to a licensing agreement generally agrees to pay royalties on some basis.

According to the Foreign Sovereign Immunities Act, a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.

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

Under the principle of comity, all foreign governments are subject to all U.S. laws.

The doctrine of sovereign immunity can immunize a foreign nation from the jurisdiction of U.S. courts.

The chief aim of the World Trade Organization is to minimize trade barriers among its members.