Question 1

Trade-related investment measures are those restrictions a nation places or foreign investment that adversely affect trade in goods or services.

Accepted Answer

A) True 
 B)False  True

Question 2

The WTO General Agreement on Trade in Services applies basic GATT Principles to service industries.

Accepted Answer

A) True 
 B)False  True

Question 3

The Agreement on Government Procurement reverses the general GATT rules that allow government agencies to favor domestic products.

Accepted Answer

A) True 
 B)False  True

Question 4

In 1947,the international community created the 1947 GATT and incorporated into the context of the principles is the protection of intellectual property to encourage innovation and protection.

Accepted Answer

A) True 
 B)False

Question 5

The Flammable Fabrics Act is an example of a technical regulation that is in violation of the principles of GATT/WTO.

Accepted Answer

A) True 
 B)False

Question 6

Only U.S.and Canadian manufacturers may submit their products to independent laboratories for testing in order to attach the CE mark before admitted into the EU.

Accepted Answer

A) True 
 B)False

Question 7

The Agreement on Government Procurement has the force of international law and applies to all WTO countries.

Accepted Answer

A) True 
 B)False

Question 8

ISO 14000 refers to:

Accepted Answer

A)  standards used for assuring product quality through design and manufacturing process. 
B)  guidelines in environmental management and labeling. 
C)  European Union import regulations. 
D)  a trade agreement between the U.S. and EU designed to reduce barriers to trade. 
A)  standards used for assuring product quality through design and manufacturing process. 
B)  guidelines in environmental management and labeling. 
C)  European Union import regulations. 
D)  a trade agreement between the U.S. and EU designed to reduce barriers to trade.

Question 9

The WTO General Agreement on Trade in Services defines international services as:

Accepted Answer

A)  international telephone calls. 
B)  consumption abroad. 
C)  U.S. Immigration officials. 
D)  both international telephone calls and consumption abroad. 
A)  international telephone calls. 
B)  consumption abroad. 
C)  U.S. Immigration officials. 
D)  both international telephone calls and consumption abroad.

Question 10

Aeroflop,a U.S.firm,wants to sell several million dollars-worth of airplanes to a government-owned airline in a European country famous for cheese.In order to get the contract,Aeroflop agrees to pay a 5% kickback to another U.S.company if that company agrees to buy all of its cheese from a seller in that European country.

Accepted Answer

A)  Aeroflop's sale to the government-owned airlines is allowed under the Agreement on Government Procurement. 
B)  Aeroflop's sale is prohibited because the Agreement on Government Procurement prohibits offsets. 
C)  Aeroflop's sale is allowable because the European nation is treating Aeroflop no less favorably than its nationals. 
D)  The WTO dispute resolution panel must authorize both contracts prior to the sale. 
A)  Aeroflop's sale to the government-owned airlines is allowed under the Agreement on Government Procurement. 
B)  Aeroflop's sale is prohibited because the Agreement on Government Procurement prohibits offsets. 
C)  Aeroflop's sale is allowable because the European nation is treating Aeroflop no less favorably than its nationals. 
D)  The WTO dispute resolution panel must authorize both contracts prior to the sale.

Question 11

The GATT Agreement on Technical Barriers to Trade governs the use of technical regulations,product standards,testing,and certifications among WTO member countries.

Accepted Answer

A) True 
 B)False

Question 12

In EU Measures Concerning Meat and Meat Products,the WTO Dispute Resolution Panel decided:

Accepted Answer

A)  the EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue. 
B)  where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals. 
C)  the decision of the Dispute Resolution Body was overturned by the WTO Appellate Body in January of 1998. 
D)  both the EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue and where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals are true. 
A)  the EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue. 
B)  where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals. 
C)  the decision of the Dispute Resolution Body was overturned by the WTO Appellate Body in January of 1998. 
D)  both the EC's regulation permitting zero residue violates the SPS agreement because internationally accepted standards permit residue and where no internationally accepted standards exist, the EC ban on that hormone was not allowed because it was not based on a risk assessment using scientifically accepted principals are true.

Question 13

Which of the following statements regarding technical barriers to trade is false?

Accepted Answer

A)  Despite decades of work by the European Union, thousands of new national standards have arisen. 
B)  Japan and the United States have had a long history of disputes over Japanese technical barriers to trade. 
C)  Most standard setting in the European Union takes place through the European Committee for Standardization. 
D)  Japanese technical regulations and standards are readily available to importers and exporters. 
E)  All of these are true. 
A)  Despite decades of work by the European Union, thousands of new national standards have arisen. 
B)  Japan and the United States have had a long history of disputes over Japanese technical barriers to trade. 
C)  Most standard setting in the European Union takes place through the European Committee for Standardization. 
D)  Japanese technical regulations and standards are readily available to importers and exporters. 
E)  All of these are true.

Question 14

The symbol of an approved product in Japan is the government-authorized Japan Industrial Standards Mark.

Accepted Answer

A) True 
 B)False

Question 15

Consider the similarities and differences between situations in which the U.S.Trade Act of 1974 can be used instead of the WTO dispute settlement procedures.

Accepted Answer

The U.S. Trade Act of 1974 and the WTO d

Question 16

Compare and contrast the IPR-related/access dispute resolution procedures of GATT with those of WTO.

Accepted Answer

The General Agreement on Tariffs and Tra

Question 17

The WTO Agreement on Agriculture is designed to increase export opportunities for agricultural products and to reduce government subsidies.

Accepted Answer

A) True 
 B)False

Question 18

ISO 9000 refers to:

Accepted Answer

A)  standards used for assuring product quality through product design and manufacturing process. 
B)  a series of import regulations imposed by the European Union. 
C)  Japanese trade restrictions against U.S. telecommunications companies that were eventually repealed. 
D)  a trade agreement established between the U.S. and the European Union that will significantly reduce barriers to trade. 
A)  standards used for assuring product quality through product design and manufacturing process. 
B)  a series of import regulations imposed by the European Union. 
C)  Japanese trade restrictions against U.S. telecommunications companies that were eventually repealed. 
D)  a trade agreement established between the U.S. and the European Union that will significantly reduce barriers to trade.

Question 19

Agricultural products,in general,have few barriers to trade placed upon them.

Accepted Answer

A) True 
 B)False

Question 20

Super 301 was created by Congress as a fast track measure to be used against countries that fail to protect U.S.intellectual property rights.

Accepted Answer

A) True 
 B)False

Trade-related investment measures are those restrictions a nation places or foreign investment that adversely affect trade in goods or services.

The WTO General Agreement on Trade in Services applies basic GATT Principles to service industries.

The Agreement on Government Procurement reverses the general GATT rules that allow government agencies to favor domestic products.

In 1947,the international community created the 1947 GATT and incorporated into the context of the principles is the protection of intellectual property to encourage innovation and protection.

The Flammable Fabrics Act is an example of a technical regulation that is in violation of the principles of GATT/WTO.

Only U.S.and Canadian manufacturers may submit their products to independent laboratories for testing in order to attach the CE mark before admitted into the EU.

The Agreement on Government Procurement has the force of international law and applies to all WTO countries.

ISO 14000 refers to:

The WTO General Agreement on Trade in Services defines international services as:

The GATT Agreement on Technical Barriers to Trade governs the use of technical regulations,product standards,testing,and certifications among WTO member countries.

In EU Measures Concerning Meat and Meat Products,the WTO Dispute Resolution Panel decided:

Which of the following statements regarding technical barriers to trade is false?

The symbol of an approved product in Japan is the government-authorized Japan Industrial Standards Mark.

Consider the similarities and differences between situations in which the U.S.Trade Act of 1974 can be used instead of the WTO dispute settlement procedures.

Compare and contrast the IPR-related/access dispute resolution procedures of GATT with those of WTO.

The WTO Agreement on Agriculture is designed to increase export opportunities for agricultural products and to reduce government subsidies.

ISO 9000 refers to:

Agricultural products,in general,have few barriers to trade placed upon them.

Super 301 was created by Congress as a fast track measure to be used against countries that fail to protect U.S.intellectual property rights.

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters

Exam 10: Laws Governing Access to Foreign Markets

Trade-related investment measures are those restrictions a nation places or foreign investment that adversely affect trade in goods or services.

The WTO General Agreement on Trade in Services applies basic GATT Principles to service industries.

The Agreement on Government Procurement reverses the general GATT rules that allow government agencies to favor domestic products.

In 1947,the international community created the 1947 GATT and incorporated into the context of the principles is the protection of intellectual property to encourage innovation and protection.

The Flammable Fabrics Act is an example of a technical regulation that is in violation of the principles of GATT/WTO.

Only U.S.and Canadian manufacturers may submit their products to independent laboratories for testing in order to attach the CE mark before admitted into the EU.

The Agreement on Government Procurement has the force of international law and applies to all WTO countries.

ISO 14000 refers to:

The WTO General Agreement on Trade in Services defines international services as:

The GATT Agreement on Technical Barriers to Trade governs the use of technical regulations,product standards,testing,and certifications among WTO member countries.

In EU Measures Concerning Meat and Meat Products,the WTO Dispute Resolution Panel decided:

Which of the following statements regarding technical barriers to trade is false?

The symbol of an approved product in Japan is the government-authorized Japan Industrial Standards Mark.

Consider the similarities and differences between situations in which the U.S.Trade Act of 1974 can be used instead of the WTO dispute settlement procedures.

Compare and contrast the IPR-related/access dispute resolution procedures of GATT with those of WTO.

The WTO Agreement on Agriculture is designed to increase export opportunities for agricultural products and to reduce government subsidies.

ISO 9000 refers to:

Agricultural products,in general,have few barriers to trade placed upon them.

Super 301 was created by Congress as a fast track measure to be used against countries that fail to protect U.S.intellectual property rights.

Introduction to International Business

International Law and the World's Legal Systems

Resolving International Commercial Disputes

The Formation and Performance of Contracts for the Sale of Goods

The Documentary Sale and Terms of Trade

Legal Issues in International Transportation

Bank Collections and Letters of Credit

National Lawmaking Powers and the Regulation of U.S.Trade

The World Trade Organization: Basic Legal Principles

Regulating Import Competition and Unfair Trade

Imports,Customs,and Tariff Law

Export Controls and Sanctions

North American Free Trade Law

The European Union

Marketing: Representatives,Advertising,and Anti-Corruption

Protection and Licensing of Intellectual Property

The Legal Environment of Foreign Direct Investment

Labor and Employment Discrimination Law

Environmental Law

Regulating the Competitive Environment

Filters