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Exam 10: International Law in a Global Economy

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Question 21

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

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Question 22

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

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

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Question 23

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The chief aim of the European Union and other trade organizations is to minimize trade barriers among their members.

KO Marketing Company,a U.S.firm,signs a contract with Librador Corporacion,a Chilean firm,to give Librador the right to use Innovative's animation techniques and characters in product promotions.This is​

International franchisees usually do not pay fees for the license to use a trademark or trade name.

Call Center Corporation,a U.S.firm,owns property in India.The government of India seizes the property for a proper public purpose and pays Call Center just compensation.This is​

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

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

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

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

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?

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​

The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.

The United States and other members of a certain organization agree to grant normal trade relations status to each other with regard to imports and exports.This organization is​

Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.

In some cases,foreign states are not immune from the jurisdiction of U.S.courts.These circumstances are governed by​

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​

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

Under the principle of comity,one nation may defer and give effect to the laws and judicial decrees of another country.

Restrictions on imports may include quotas.