International Law
Quiz
•
11th Grade
•
Medium
Maria Zuniga
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Arms Export Control Act created the World Trade Organization (WTO) to stimulate international commerce and resolve trade disputes.
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
After an imported good is classified, custom officials impose the appropriate duty ________________, meaning “according to the value of the goods”
Expropriation
Ad Valorem
Repatriation of Profits
Dumping
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______________________ occurs when an investing company pulls its earnings out of a foreign country and takes them back home.
Ad Valorem
Expropriation
Repatriation of Profits
Dumping
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The General Agreement on Tariffs and Trade (GATT) is an international treaty whose sole purpose is to eliminate trade barriers and bolster commerce.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sovereign Immunity holds that the courts of one nation lack the jurisdiction (power) to hear suits against foreign governments. But there are 3 possible exceptions to it; Choice of Forum, Choice of Language/Currency and Letter of Credit.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Arms Export Control Act permits the President to create a second list of controlled goods, all related to military weaponry.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The main goal of the North American Free Trade Agreement (NAFTA) is to eliminate almost all trade barriers between Canada, United States and Mexico.
TRUE
FALSE
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