Question 1

Quotas are limits on the amounts of goods that can be exported.

Accepted Answer

A) True 
 B)False

Question 2

Generally,a foreign government cannot sue under U.S. anti-trust laws in U.S. courts.

Accepted Answer

A) True 
 B)False

Question 3

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

Bango! Business,Inc.,a U.S. firm,may have committed,in Chile,acts that would constitute,in the United States,violations of U.S. anti-trust laws. These laws apply

Accepted Answer

A) extraterritorially. 
B) only to signatories of the North American Free Trade Agreement. 
C) only to members of the World Trade Organization. 
D) only within U.S. borders.

Question 5

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

Accepted Answer

A) courtesy and respect. 
B) fear and intimidation. 
C) admiration and envy. 
D) payments of cash and exchanges of property.

Question 6

When a U.S. firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.

Accepted Answer

A) True 
 B)False

Question 7

Dumping is the exporting of environmentally polluting goods to a foreign market.

Accepted Answer

A) True 
 B)False

Question 8

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.

Accepted Answer

A) True 
 B)False

Question 9

Few countries guarantee compensation to foreign investors if their property is taken.

Accepted Answer

A) True 
 B)False

Question 10

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 11

International Media,Inc.,a U.S. firm,expands into global markets through a joint venture. In the venture,International Media shares responsibilities and

Accepted Answer

A) both the profits and liabilities. 
B) none of the profits or liabilities. 
C) the profits,but not the liabilities. 
D) the liabilities,but not the profits.

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Jack,or anyU.S. citizen,can bring a civil suit in a U.S. court against a foreign entity

Accepted Answer

A) for a tort allegedly committed in the United States only. 
B) for a tort allegedly committed in the United States or overseas. 
C) under no circumstances.

Question 14

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 15

World Metals,Inc.,a U.S. firm,wants to file a suit in the United States against a Venezuela government agency,alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act,the agency is

Accepted Answer

A) not immune from the jurisdiction of U.S. courts. 
B) immune from the jurisdiction of U.S. courts. 
C) not subject to a suit by any private foreign firm. 
D) subject to a suit by a private firm only in Venezuela.

Question 16

Significant business develops in Spain for Graphic Comix,Inc.,a U.S. firm. Graphic Comixappoints 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 17

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 18

Suisse Internationale,a Swiss maker of athletic equipment,enters into a price fixing agreement with Total World Sports,a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if

Accepted Answer

A) the agreement was made in Switzerland. 
B) the agreement was made in the United States. 
C) the price fixing has a substantial effect on U.S. commerce. 
D) the Swiss government agrees to be sued in the United States.

Question 19

UniOil,a U.S. firm,owns property in Nicaragua. When the government of Nicaragua seizes the property,UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is

Accepted Answer

A) a travesty of justice. 
B) theact of state doctrine. 
C) thedoctrine of sovereign immunity. 
D) theprinciple of comity.

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 19: International Law in a Global Economy

Quotas are limits on the amounts of goods that can be exported.

Generally,a foreign government cannot sue under U.S. anti-trust laws in U.S. courts.

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

Bango! Business,Inc.,a U.S. firm,may have committed,in Chile,acts that would constitute,in the United States,violations of U.S. anti-trust laws. These laws apply

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

When a U.S. firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.

Dumping is the exporting of environmentally polluting goods to a foreign market.

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.

Few countries guarantee compensation to foreign investors if their property is taken.

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

International Media,Inc.,a U.S. firm,expands into global markets through a joint venture. In the venture,International Media shares responsibilities and

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

Jack,or anyU.S. citizen,can bring a civil suit in a U.S. court against a foreign entity

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

World Metals,Inc.,a U.S. firm,wants to file a suit in the United States against a Venezuela government agency,alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act,the agency is

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

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

Suisse Internationale,a Swiss maker of athletic equipment,enters into a price fixing agreement with Total World Sports,a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if

UniOil,a U.S. firm,owns property in Nicaragua. When the government of Nicaragua seizes the property,UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is

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