Question 1

Foreign exchange markets comprise a worldwide system for buying and selling currency.

Accepted Answer

A) True 
 B)False

Question 2

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can​

Accepted Answer

A)  allege antitrust injuries under 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.E) B) and D)
F) B) and C)

Question 3

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 4

Tariffs are imposed only on exports.

Accepted Answer

A) True 
 B)False

Question 5

Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns

Accepted Answer

A)  all of the operation,and its profits and liabilities.
B)  all of the operation,and none of its profits and liabilities.
C)  none of the operation,and none of its profits and liabilities.
D)  part of the operation,and shares its profits and liabilities.E) None of the above
F) A) and B)

Question 6

Expropriation occurs when a government seizes private property for a proper purpose and awards just compensation.

Accepted Answer

A) True 
 B)False

Question 7

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.E) B) and D)
F) All of the above

Question 8

Telfonix Corporation,a U.S.firm,and Adex,Inc.,a British firm,are parties to a contract with a forum-selection clause.The forum specified in the clause​

Accepted Answer

A)  must be within the geographic boundaries of the United States.
B)  must be within the geographic boundaries of Britain.
C)  need not be within the geographic boundaries of either party.
D)  must be within the geographic boundaries of either the United States or Britain.E) A) and B)
F) A) and C)

Question 9

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.E) B) and D)
F) A) and C)

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

Premier Clothing,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​

Accepted Answer

A)  the act of state doctrine.
B)  the doctrine of sovereign immunity.
C)  the principle of comity.
D)  the World Trade Organization.E) A) and B)
F) C) and D)

Question 12

Yokio,Ltd.,and Zeno,S.A.,transact an international sale of goods.At the request of these parties,a court in Portugal resolves a dispute between them.A U.S.court will most likely honor the judgment

Accepted Answer

A)  if it is consistent with U.S.laws and public policy.
B)  if it is consistent with Portuguese laws and public policy.
C)  if it does not benefit the U.S.to deny it.
D)  under no circumstances.E) B) and C)
F) None of the above

Exam 10: International Law in a Global Economy

Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns

Correct Answer
verified

Foreign exchange markets comprise a worldwide system for buying and selling currency.

Correct Answer
verified

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.

Correct Answer
verified

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can

Correct Answer
verified

Yokio,Ltd.,and Zeno,S.A.,transact an international sale of goods.At the request of these parties,a court in Portugal resolves a dispute between them.A U.S.court will most likely honor the judgment

Correct Answer
verified

Tariffs are imposed only on exports.

Correct Answer
verified

Expropriation occurs when a government seizes private property for a proper purpose and awards just compensation.

Correct Answer
verified

Premier Clothing,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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Telfonix Corporation,a U.S.firm,and Adex,Inc.,a British firm,are parties to a contract with a forum-selection clause.The forum specified in the clause

Correct Answer
verified

Exam 10: International Law in a Global Economy

Secure Investments,Inc.,a U.S.firm,expands into international markets through a joint venture.In this situation,Secure owns

Correct AnswerverifiedShow Answer

Foreign exchange markets comprise a worldwide system for buying and selling currency.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can​

Correct AnswerverifiedShow Answer

Yokio,Ltd.,and Zeno,S.A.,transact an international sale of goods.At the request of these parties,a court in Portugal resolves a dispute between them.A U.S.court will most likely honor the judgment

Correct AnswerverifiedShow Answer

Tariffs are imposed only on exports.

Correct AnswerverifiedShow Answer

Expropriation occurs when a government seizes private property for a proper purpose and awards just compensation.

Correct AnswerverifiedShow Answer

Premier Clothing,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​

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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​

Correct AnswerverifiedShow Answer

Telfonix Corporation,a U.S.firm,and Adex,Inc.,a British firm,are parties to a contract with a forum-selection clause.The forum specified in the clause​

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Premier Clothing,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

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Telfonix Corporation,a U.S.firm,and Adex,Inc.,a British firm,are parties to a contract with a forum-selection clause.The forum specified in the clause

Correct Answer
verified