FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 7: International Law in a Global Economy

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 21

True/False

Review LaterAdd Note

Review Later

International law is a body of law that governs relations between and among citizens, not countries.

A) True
B) False

Correct Answer

verified

Show Answer

Question 22

True/False

Review LaterAdd Note

Review Later

Restrictions on imports may include prohibitions.

A) True
B) False

Correct Answer

verified

Show Answer

Question 23

Multiple Choice

Review LaterAdd Note

Bulbous Cordials, Inc., a U.S.firm, enters into an agreement with Columbiana Cacao, S.A., a South American firm, to fix the price of dark chocolate in the U.S.market.If the agreement is a per se violation of U.S.antitrust laws, a U.S.court could exercise jurisdiction over

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

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

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

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

Restrictions on imports may include quotas.

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

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

The simplest way for a U.S.firm to do business in a foreign market is to export its products directly to that market.

The act of state doctrine does not have important consequences for firms doing business in other countries.

WiFi Corporation, a U.S.firm, signs a contract with Bueno Computadores, Ltd., an Argentinean firm, for a shipment and payment for WiFi's goods.This is

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

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

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?

Under the Foreign Sovereign Immunities Act, a foreign state can be a political subdivision of a foreign state.

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

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

The U.S.corporation Fun Toys, Inc.sets up a firm in China.The parent company remains in the United States and retains complete ownership of the China branch as well as complete authority and control over all phases of the operation.This is