Deck 54: International and World Trade Law

Question 1

The Treaty Clause of the U.S.Constitution designates the president of the United States as its agent to deal with foreign affairs.

Answer 1

True

Question 2

The euro can only be used in countries that are part of the eurozone.

Answer 2

True

Question 3

Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.

Answer 3

True

Question 4

Individuals and businesses can directly approach the International Court of Justice to fight a case involving international contracts.

Question 5

The UN Security Council is composed of all the UN member nations.

Question 6

The United Nations is charged to take enforcement actions to ensure member compliance with the European Union.

Question 7

A nation can seek redress on behalf of an individual or a business that has a claim against another country in the International Court of Justice.

Question 8

The UN Secretariat is headed by the secretary-general of the UN.

Question 9

The North American Free Trade Agreement (NAFTA)includes special protection for favored industries that have a lot of lobby muscle.

Question 10

Under the Treaty Clause,both the federal government and state governments can enter into treaties with foreign nations.

Question 11

The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.

Question 12

The European Union Commission has negligible authority to enact legislations and take enforcement actions when compared to the EU.

Question 13

The International Court of Justice is composed of 15 judges who serve nine-year terms.

Question 14

The secretary-general of the UN is elected by the Security Council.

Question 15

Under the European Union,customs duties have been eliminated among member nations.

Question 16

The U.S.Constitution divides the power to regulate foreign affairs equally between the federal and state governments.

Question 17

The International Monetary Fund is an example of an autonomous agency that is a part of the UN.

Question 18

The European Union is an example of a multilateral treaty.

Question 19

The North American Free Trade Agreement (NAFTA)is a bilateral treaty between the United States and Mexico.

Question 20

The UN does not allow permanent membership of the Security Council to any member nation.

Question 21

Classical Hindu law heavily rests on civil codes adopted during the reigns of different kings.

Question 22

The World Trade Organization (WTO)dispute settlement body is the first body to hear a settlement dispute among member nations.

Question 23

Which of the following statements is true with regard to international law?

A)All legal matters of international importance are prosecuted by a single world court that is responsible for interpreting international law.
B)The enforcement of all international laws is regulated by a unitary world executive branch.
C)There is no single legislative source from which all international laws are created.
D)All countries have to follow the international laws enacted by other countries.

Question 24

If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles,it violates the ________ of the U.S.Constitution.

A)Equal Protection Clause
B)Foreign Commerce Clause
C)Supremacy Clause
D)Due Process Clause

Question 25

The FSIA strictly states that a foreign country is not immune to lawsuits in U.S.courts under any circumstance.

Question 26

The Organization of the Petroleum Exporting Countries (OPEC)sets quotas on the output of oil production by its individual member nations.

Question 27

Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

A)the Due Process Clause and Double Jeopardy Clause
B)the Supremacy Clause and Equal Protection Clause
C)the Free Exercise Clause and Establishment Clause
D)the Foreign Commerce Clause and Treaty Clause

Question 28

The World Trade Organization (WTO)was created as a successor to the General Agreement on Tariffs and Trade (GATT).

Question 29

The canons of Christian faiths provide rules for believers to follow in living their lives and professing their faith.

Question 30

The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)disallows its member nations from entering into treaties with countries in Central America that are not part of the DR-CAFTA.

Question 31

The Code of Canon Law of 1983 stipulates the code of conduct to be followed by all Christians around the world.

Question 32

The World Trade Organization (WTO)appellate body hears appeals that are limited to issues of law,not fact.

Question 33

The Association of Southeast Asian Nations (ASEAN)was created as a treaty among the oil-producing countries of Asia.

Question 34

The World Trade Organization (WTO)panel adopts the panel report and issues remedies for the violation.

Question 35

The United States follows the doctrine of restricted immunity for suits against foreign nations.

Question 36

Rabbinic jurisprudence is administered by rabbi-judges sitting as the Beis Din.

Question 37

A choice of law clause is a mandatory clause that should be present in every international contract.

Question 38

A forum-selection clause designates which nation's court has jurisdiction to hear a case arising out of a contract.

Question 39

The Islamic law of Shari'a encourages levying interest on loan payments.

Question 40

The act of state doctrine allows the citizen of one country to fight a case in that country against a law prevalent in another.

Question 41

Under the Treaty Clause,the ________ is seen as the agent of the United States in dealing with foreign countries.

A)the Secretariat
B)the president
C)the United Nations
D)the United States Senate

Question 42

Ecuador,Algeria,and the United Arab Emirates are members of the ________.

A)North American Free Trade Agreement
B)Dominican Republic-Central America Free Trade Agreement
C)Association of Southeast Asian Nations
D)Organization of the Petroleum Exporting Countries

Question 43

The World Bank is ________.

A)an autonomous agency under the aegis of the European Union
B)an agency that monitors the financial collaborations taking place in the eurozone
C)primarily responsible for promoting sound monetary,fiscal,and macroeconomic policies worldwide
D)primarily responsible for providing money to developing countries to fund projects for humanitarian purposes

Question 44

Which of the following is headed by the secretary-general of the UN?

A)the International Court of Justice
B)the Secretariat
C)the Security Council
D)the General Assembly

Question 45

The General Assembly of the United Nations is ________.

A)a collection of autonomous agencies that deal with the socio-economic problems of the United States
B)the legislative body of the United Nation that is composed of all UN members
C)a group of 15 member nations that is primarily responsible for maintaining international peace and security
D)the staff of persons that administers the day-to-day operations of the UN

Question 46

________ is a regional international organization that comprises many countries of Western and Eastern Europe and was created to promote peace and security as well as economic,social,and cultural development.

A)European Economic Community
B)Common Market
C)North Atlantic Treaty Organization
D)European Union

Question 47

The ________ is a body that prosecutes cases that nations refer to it as well as cases involving treaties and the UN Charter.

A)Security Council
B)General Assembly
C)International Court of Justice
D)International Monetary Fund

Question 48

The ________ is a staff of persons that administers the day-to-day operations of the UN.

A)Council of Ministers
B)Security Council
C)General Assembly
D)Secretariat

Question 49

An agreement between two or more nations that is formally signed by an authorized representative of each nation and ratified by each nation is defined as a(n)________.

A)statute
B)charter
C)treaty
D)arraignment

Question 50

Treaties arranged by international organizations like the United Nations are known as ________.

A)arraignments
B)easements
C)amendments
D)conventions

Question 51

Which of the following statements is true of the International Court of Justice?

A)It is the executive branch of the United Nations that helps interpret international law.
B)It only hears cases of nations,and not of individuals and businesses.
C)It does have the authority to hear cases involving treaties and UN charters.
D)It is headed by the secretary-general of the United Nations.

Question 52

Which of the following is true of the International Monetary Fund?

A)The IMF is a federal body that consists of representatives of all the states and federal experts in the United States.
B)The IMF is funded from the Superfund created by the Comprehensive Environmental Response,Compensation,and Liability Act.
C)The IMF is an autonomous agency under the UN which promotes sound monetary,fiscal,and macroeconomic policies worldwide.
D)The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance.

Question 53

The ________ is a trilateral treaty that has removed or reduced tariffs,duties,quotas,and other trade barriers between the United States,Canada,and Mexico.

A)Free Trade Area of the Americas Treaty
B)North American Free Trade Agreement
C)Central America Free Trade Agreement
D)General Agreement on Tariffs and Trade

Question 54

Which of the following statements is true of the European Union?

A)All issues have to be passed unanimously by the EU members to be enforced.
B)Every country in the European Union has adopted the euro as its monetary unit.
C)Custom duties have been removed among member nations of the European Union.
D)Custom tariffs have been removed for trade between the EU and the rest of the world.

Question 55

The ________ is an international organization created by a multilateral treaty in 1945 to promote social and economic cooperation among nations and to protect human rights.

A)United Nations
B)League of Nations
C)General Agreement on Tariffs and Trade
D)World Trade Organization

Question 56

Which of the following statements is true of the Treaty Clause?

A)It provides that the president can make treaties on his own accord autonomously.
B)It provides that the president can enter into treaties with two-thirds senate approval.
C)It provides that the states have exclusive power to regulate internal and foreign affairs.
D)It provides that the federal government has supremacy over the state in matters of international trade.

Question 57

Which of the following branches of the United Nations is primarily responsible for maintaining international peace and has authority to use armed force for this purpose?

A)the General Assembly
B)the Secretariat
C)the Security Council
D)the International Court of Justice

Question 58

Which of the following statements is true of the NAFTA?

A)It allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers.
B)It disallows any special protection being extended to specific industries.
C)It disallows NAFTA members from trading with other countries unless a unanimous permission is obtained.
D)It has been hailed by economists to be a perfect example of a free trade pact.

Question 59

Indonesia,Vietnam,Thailand,and Philippines are members of the ________.

A)Organization of the Petroleum Exporting Countries
B)Association of Southeast Asian Nations
C)Dominican Republic-Central America Free Trade Agreement
D)North American Free Trade Agreement

Question 60

Which of the following is an example of an autonomous agency of the United Nations?

A)the North Atlantic Treaty Organization
B)the Security Council
C)the World Trade Organization
D)the International Monetary Fund

Question 61

The ________ prescribes comprehensive and integrated rules of religious,political,and legal life that together form Jewish thought.

A)Canon
B)Torah
C)dharmasastra
D)Riba

Question 62

The classical Hindu law was based on ________.

A)civil codes
B)court decisions
C)works of private scholars
D)canons called Torahs

Question 63

What is the role of the WTO dispute settlement body?

A)to hear appeals on decisions made on a dispute
B)to create panel reports on the findings of the dispute
C)to hear the dispute settlement from the plaintiff
D)to review panel reports and adopt them if necessary

Question 64

Which of the following is true of the Islamic law of Shari'a ?

A)The Shari'a disallows making a reasonable profit from the sale of goods and services.
B)All Islamic countries strictly follow the complete Shari'a to govern all aspects of life.
C)The Shari'a encourages riba through the strict payment and collection of interest on loans within stipulated periods of time.
D)The Shari'a is primarily used in the areas of marriage,divorce,and inheritance and,to a limited degree,criminal law.

Question 65

Throughout Christianity,divine and natural laws have been issued in the form of ________.

A)edicts
B)conventions
C)novations
D)canons

Question 66

Which of the following statements is true with regard to the canons of Christian faith?

A)The Code of Canon Law produced in the 1917 is followed by all sects of Christianity today.
B)The Code of Canon Law regulates the conduct of the Church but fails to govern the actions of individual Catholics.
C)The Orthodox churches treat their canons more as guidelines than as laws.
D)The canons remain silent on the legal measures guiding marriage or inheritance.

Question 67

Which of the following is an exception to the Foreign Sovereign Immunities Act?

A)sham exception
B)managed trade exception
C)diversity of citizenship exception
D)commercial activity exception

Question 68

Which of the following is provided under the Foreign Sovereign Immunities Act?

A)It stipulates the rules for conflict resolution among the DR-CAFTA members.
B)It endows the president with powers to enter into treaties with foreign nations.
C)It exclusively governs suits against foreign nations in the United States.
D)It regulates commerce between the United States and foreign nations.

Question 69

________ is a clause in an international contract that designates which nation's court has jurisdiction to hear a case arising out of the contract.

A)Forum-selection clause
B)Treaty Clause
C)Foreign Commerce Clause
D)Choice of law clause

Question 70

How are disputes settled in the World Trade Organization (WTO)? What are the different WTO bodies that handle disputes?

Question 71

In case of a breach in trade agreements of the World Trade Organization (WTO),which of the following WTO bodies first hears the dispute?

A)the WTO panel
B)the WTO appellate body
C)the WTO dispute settlement body
D)the WTO General Council

Question 72

Which of the following is codified under the Foreign Sovereign Immunities Act?

A)the act of state doctrine
B)the principle of restricted immunity
C)the supremacy clause
D)the choice of forum clause

Question 73

Explain the Treaty Clause of the U.S.Constitution.

Question 74

What are the implications of the North American Free Trade Agreement (NAFTA)treaty?

Question 75

________ is a rule which states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

A)Doctrine of sovereign immunity
B)Act of state doctrine
C)Colgate Doctrine
D)Noerr Doctrine

Question 76

________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.

A)Equal Protection Clause
B)Supremacy Clause
C)Forum-selection clause
D)Choice of law clause

Question 77

What is the World Bank? What is its function?

Question 78

The ________ is an international organization of 153 member nations created in 1995 to promote and enforce trade agreements among member countries and customs territories.

A)World Trade Organization
B)International Monetary Fund
C)North American Free Trade Commission
D)General Agreement on Tariffs and Trade

Question 79

Which of the following replaced the General Agreement on Tariffs and Trade (GATT)?

A)World Bank
B)World Trade Organization
C)International Monetary Fund
D)North American Free Trade Commission

Question 80

By default,a case involving an international dispute is prosecuted only in ________.

A)the International Court of Justice
B)a court in the defendant's country
C)a court in the plaintiff's country
D)a court in a neutral country