Exam 24: International Law in a Global Economy

The government of Korea sets a limit on the amount of rice that can be imported from the United States. This is

To restrict or encourage exports, Congress can set quotas on various items, such as grain being sold abroad.

Each member of the World Trade Organization is obligated to treat other members at least as well as it treats the country that receives its most favorable treatment with regard to imports or exports.

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

The doctrine of sovereign immunity provides that only a head of state can make trea?ties with an?other nation.

Congresswoman Smith and other politicians want to prohibit the import of certain genetically modified agricultural products that they believe may pose a danger to domestic crops. With respect to these products' import, Congress can

Michael, a citizen of Ireland, and Nina, a citizen of the United States, enter into a contract. When Nina breaches the contract, Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court's decree. This is

Some countries provide insurance for their citizens' investments abroad.

A foreign state is immune from the jurisdiction of U.S. courts unless the state is involved in commercial activity within the United States.

Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S. wholesaler of Suisse's products. U.S. courts will apply U.S. antitrust laws if

Mountain Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is

The government of North Korea violates an international law. Persuasive tactics to remedy the situation fail. The only recourse of other nations is to

International contracts rarely include arbitration clauses.

The act of state doctrine provides that the judicial branch of one country will examine the validity of public acts committed by a recognized foreign government within the latter's own territory.

Foreign citizens can bring civil suits in U.S. courts for injuries caused by violations of the law of nations or a treaty of the United States.

Omega, Ltd., imports athletic shoes made in Southeast Asia into the United States. To obtain a larger share of the U.S. market, Omega sells the athletic shoes at lower prices here than in its exporting countries. With respect to these imports, the United States may

Global Marketing, Inc., a U.S. firm, owns property in Honduras. The government in Honduras takes Global Marketing's property without paying for it. A U.S. court will proba?bly not examine the validity of this act commit?ted by Honduras within its own territory, under

The Foreign Sovereign Immunities Act broadly defines com?mercial activity.

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

Reality Financial Corporation, a U.S. firm, files a suit against Switzerland in a U.S. court. Switzerland claims foreign sovereign immunity. Under the Foreign Sovereign Immunities Act