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International Law

Authored by Maria Zuniga

11th Grade

Used 158+ times

International Law
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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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