Deck 19: International Law in a Global Economy

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Question
A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.
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Question
The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.
Question
The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.
Question
Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.
Question
Firms overseas have almost total legal protection against government acts in the countries in which they operate,under the act of state doctrine.
Question
When a U.S. firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.
Question
Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.
Question
Congress can use a variety of devices to restrict or encourage exports.
Question
Restrictions on imports may not include tariffs.
Question
Under the principle of comity,all foreign governments are subject to all U.S. laws.
Question
The doctrine of sover-eign immu-nity can immunize a foreign nation from the jurisdiction of U.S. courts.
Question
The simplest way for a U.S. firm to do business in a foreign mar-ket is to ex-port its products directly to that market.
Question
International law is a body of law that governs relations among nations.
Question
Franchising is a form of licensing.
Question
Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.
Question
A party to a licensing agreement generally agrees to pay royalties on some basis.
Question
According to the Foreign Sovereign Immunities Act,a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.
Question
In a joint venture,the parent company in the United States retains complete ownership and authority over all phases of the operation.
Question
A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.
Question
In direct exporting,a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.
Question
The chief aim of the European Union is to maximize trade barriers among its members.
Question
Quotas are limits on the amounts of goods that can be exported.
Question
Some countries provide insurance for their citizens' investments abroad.
Question
Generally,a foreign government cannot sue under U.S. anti-trust laws in U.S. courts.
Question
Foreign exchange markets comprise a worldwide system for buying and selling currency.
Question
The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States,Canada,and Mexico.
Question
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

A)a travesty of justice.
B)theact of state doctrine.
C)thedoctrine of sovereign immunity.
D)theprinciple of comity.
Question
Dumping is the sale of imported goods at "less than fair value."
Question
In the global environment of business,the law of a particular nation,such as Germany,Japan,or the United States,is classified as

A)environmental law.
B)global law.
C)international law.
D)national law.
Question
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

A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
Question
Dumping is the exporting of environmentally polluting goods to a foreign market.
Question
The basis for Mexico to give effect to the laws and court decisions of the United States is primarily

A)courtesy and respect.
B)fear and intimidation.
C)admiration and envy.
D)payments of cash and exchanges of property.
Question
Few countries guarantee compensation to foreign investors if their property is taken.
Question
When a contract contains a forum selection clause,a lawsuit arising from a dispute under the contract will be heard by a court in the specified forum.
Question
A foreign citizen can bring a civil suit in a U.S. court for a violation of an international tort law.
Question
The chief aim of the World Trade Organization is to minimize trade barriers among its members.
Question
U.S. laws that prohibit discrimination in employment apply to U.S. em-ployees working for U.S. firms located abroad.
Question
Restrictions on imports may not include quotas.
Question
Premier Clothing,Inc.,a U.S. firm,obtains a judgment in a U.S. court against Quang Tri,Ltd.,a Vietnamese business. Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of

A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the principle of comity.
D)the World Trade Organization.
Question
International contracts rarely include arbitration clauses.
Question
Optima Medico Corporation,a U.S. firm,signs a contract with Pharma Beneficial,Ltd.,a Canadian firm,to give Pharma the right to sell Optima's products in Canada. This is

A)a distribution agreement.
B)a joint venture.
C)direct exporting.
D)licensing.
Question
International Media,Inc.,a U.S. firm,expands into global markets through a joint venture. In the venture,International Media shares responsibilities and

A)both the profits and liabilities.
B)none of the profits or liabilities.
C)the profits,but not the liabilities.
D)the liabilities,but not the profits.
Question
Call Center Corporation,a U.S. firm,owns property in India. The government of India seizes the property for a proper public purpose and pays Call Center just compensation. This is

A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
Question
WiFi Corporation,a U.S. firm,signs a contract with Bueno Computadores,Ltd.,an Argentinean firm,for a shipment and payment for WiFi's goods. This is

A)a distribution agreement.
B)a joint venture.
C)direct exporting.
D)licensing.
Question
Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is

A)piracy.
B)a licensing agreement.
C)indirect exporting.
D)franchising.
Question
Skye Pye Corporation,a U.S. firm,wishes to participate,but limit its involvement,in Middle Eastern markets. Skye Pye empowers Alem,Ltd.,a United Arab Emirates firm,to enter into contracts in certain countries on Skye Pye's behalf. This is

A)a distribution agreement.
B)an agency relationship.
C)indirect exporting.
D)licensing.
Question
Business Universal Corporation,a U.S. firm,establishes a wholly owned subsidiary firm in Brazil. In this situation,Business Universal retains complete control and authority over

A)all of the operation.
B)only the part of the operation in the United States.
C)none of the operation.
D)about half of the operation.
Question
UniOil,a U.S. firm,owns property in Nicaragua. When the government of Nicaragua seizes the property,UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is

A)a travesty of justice.
B)theact of state doctrine.
C)thedoctrine of sovereign immunity.
D)theprinciple of comity.
Question
The U.S. corporation Burger Heaven makes a deal with an Icelandic firm that allows the Icelandic firm to use Burger Heaven's trade name in Iceland in return for a fee. This is

A)a franchise.
B)piracy.
C)a joint venture.
D)direct exporting.
Question
Munchies Bistro Corporation,a U.S. firm,signs a contract with Manger au Brasserie,S.A.,a French firm,to give Manger the right to use Munchies's trademark in restaurants in France. This is

A)a distribution agreement.
B)a joint venture.
C)direct exporting.
D)licensing.
Question
Mont Blanc S.A.,a French firm,imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of Mont Blanc's goods in

A)the European market.
B)France.
C)the United States.
D)the world market.
Question
The United States taxes each barrel of imported oil at a flat rate. This is

A)an antidumping duty.
B)a dumping duty.
C)a quota.
D)a tariff.
Question
Significant business develops in Spain for Graphic Comix,Inc.,a U.S. firm. Graphic Comixappoints Comicas Graphico,Ltd.,a Spanish firm,to act as Graphic Comix's marketing representative in Spain. This is

A)a joint venture.
B)franchising.
C)indirect exporting.
D)licensing.
Question
World Metals,Inc.,a U.S. firm,wants to file a suit in the United States against a Venezuela government agency,alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act,the agency is

A)not immune from the jurisdiction of U.S. courts.
B)immune from the jurisdiction of U.S. courts.
C)not subject to a suit by any private foreign firm.
D)subject to a suit by a private firm only in Venezuela.
Question
AgriWorld,a U.S. firm,owns property in Kenya. The government of Kenya seizes the property. AgriWorld claims that this is confiscation. The government of Kenya claims that it is expropriation. The burden of proof lies with

A)the U.S. government.
B)the government of Kenya.
C)AgriWorld.
D)none of the choices.
Question
Hong Ltd.,a Chinese firm,imports its goods into the United States and offers those goods for sale at "less than fair value." This is

A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
Question
Ecuador seizes the assets of Resourced Oil,Inc.,a U.S. firm. Resourced's recovery from Ecuador in a U.S. court may be prevented by

A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the North American Free Trade Agreement.
D)the principle of comity.
Question
Northwest Resources,Inc.,and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resourcesand Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law,Commerce and other U.S. banks are

A)encouraged by credit guaranties to lend such funds.
B)discouraged by administrative rules to make such loans.
C)asked by enforcement agencies to report such requests.
D)banned by statute from opening such credit lines.
Question
The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

A)a dumping duty.
B)an antidumping duty.
C)a quota.
D)a tariff.
Question
Global Holdings,Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation,the Kazakhstan government must

A)pay just compensation to Global Holdings.
B)pay just compensation to the U.S. government.
C)obtain the approval of the United Nations.
D)act in full accord with the laws of Kazakhstan.
Question
Telfonix Corporation,a U.S. firm,and Adex,Inc.,a British firm,are parties to a contract with a choice-of-forum clause. The forum specified in the clause must be within the geographic boundaries of

A)the United States.
B)Britain.
C)neither the United States nor Britain.
D)either the United States or Britain.
Question
The management of Sport Shoes Corporation,a U.S. firm,wants to expand into foreign investment and employment markets. They are considering ei-ther opening their own production facility in a foreign country or enter-ing into a licensing agreement with a foreign firm. What are the advan-tages and disadvantages of each of these courses of action?
Question
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

A)the agreement was made in Switzerland.
B)the agreement was made in the United States.
C)the price fixing has a substantial effect on U.S. commerce.
D)the Swiss government agrees to be sued in the United States.
Question
To obtain a contract with the Chinese government,Road & Bridge Engineering Corporation,a U.S. firm,gives a Chinese official a sport utility vehicle. This may violate

A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the Foreign Corrupt Practices Act.
D)the principle of comity.
Question
Bango! Business,Inc.,a U.S. firm,may have committed,in Chile,acts that would constitute,in the United States,violations of U.S. anti-trust laws. These laws apply

A)extraterritorially.
B)only to signatories of the North American Free Trade Agreement.
C)only to members of the World Trade Organization.
D)only within U.S. borders.
Question
Real World Sports Corporation (RWSC)is a U.S. firm with a workplace in Switzerland. Generally,RWSC must abide by U.S. anti-discrimination laws in Switzerland

A)under any circumstances.
B)under no circumstances.
C)unless to do so would contravene the cultural norms of Switzerland.
D)unless to do so would violate the law of Switzerland.
Question
Dark Chocolate,Inc.,a U.S. firm,enters into an agreement with Columbiana Cacao,S.A.,a South American firm,to fix the price of imported chocolate in the U.S. market. If the agreement is a per se violation of U.S. antitrust laws,a U.S. court could exercise jurisdiction over

A)Dark and Columbiana.
B)Dark only.
C)Columbiana only.
D)neitherDark nor Columbiana.
Question
Fashion Industries Corporation owns assets in Vietnam,a country in Asia. The gov-ernment of Vietnam wants to nationalize all assets owned by foreign firms and investors. What can Fashion Industries do? Can it at least obtain payment for the assets?
Question
Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Earth Mining Company,a U.S. firm. To seek redress for their injuries in a U.S. court,these citizens can

A)subject the private company to the provisions of the Sherman Act.
B)bring civil suits under the Alien Tort Claims Act.
C)file criminal complaints under Title VII of the Civil Rights Act.
D)do nothing.
Question
West Africa Investments,Inc.,a U.S. firm,and Findora Commercial,a Nigerian firm,are parties to a contract that specifies that the official language of the contract is English. This is

A)a choice-of-forum clause.
B)a choice-of-language clause.
C)a choice-of-law clause.
D)an arbitration clause.
Question
Renew Energy Company,a U.S. firm,and Royal Petro,a Dutch firm,enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

A)any specified third party.
B)the American Arbitration Association.
C)the Dutch Arbitration Organization.
D)the International Chamber of Commerce.
Question
Jack,or anyU.S. citizen,can bring a civil suit in a U.S. court against a foreign entity

A)for a tort allegedly committed in the United States only.
B)for a tort allegedly committed in the United States or overseas.
C)for a tort allegedly committed in the United States or overseas.
D)under no circumstances.
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Deck 19: International Law in a Global Economy
1
A treaty is a contract or other agreement between two or more nations that must be ratified by the United Nations to take effect.
False
2
The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.
True
3
The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.
False
4
Under the Foreign Sovereign Immunities Act,a foreign state can be a political subdivision of a foreign state.
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k this deck
5
Firms overseas have almost total legal protection against government acts in the countries in which they operate,under the act of state doctrine.
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k this deck
6
When a U.S. firm wishes to increase its involvement in an international market,it normally establishes an agency relationship with a foreign firm.
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7
Confiscation occurs when a government seizes private property for an illegal purpose or without just compensation.
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8
Congress can use a variety of devices to restrict or encourage exports.
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9
Restrictions on imports may not include tariffs.
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10
Under the principle of comity,all foreign governments are subject to all U.S. laws.
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11
The doctrine of sover-eign immu-nity can immunize a foreign nation from the jurisdiction of U.S. courts.
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12
The simplest way for a U.S. firm to do business in a foreign mar-ket is to ex-port its products directly to that market.
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13
International law is a body of law that governs relations among nations.
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14
Franchising is a form of licensing.
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15
Expropriation occurs when a government seizes private property for a proper pur-pose and awards just compensation.
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16
A party to a licensing agreement generally agrees to pay royalties on some basis.
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17
According to the Foreign Sovereign Immunities Act,a foreign state that waived its immunity by implication is subject to the jurisdiction of the U.S. courts.
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18
In a joint venture,the parent company in the United States retains complete ownership and authority over all phases of the operation.
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19
A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.
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20
In direct exporting,a U.S. company signs a sales contract with a foreign purchaser that provides for the conditions of shipment and payment of goods.
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21
The chief aim of the European Union is to maximize trade barriers among its members.
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22
Quotas are limits on the amounts of goods that can be exported.
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23
Some countries provide insurance for their citizens' investments abroad.
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24
Generally,a foreign government cannot sue under U.S. anti-trust laws in U.S. courts.
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25
Foreign exchange markets comprise a worldwide system for buying and selling currency.
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26
The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States,Canada,and Mexico.
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27
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

A)a travesty of justice.
B)theact of state doctrine.
C)thedoctrine of sovereign immunity.
D)theprinciple of comity.
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28
Dumping is the sale of imported goods at "less than fair value."
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29
In the global environment of business,the law of a particular nation,such as Germany,Japan,or the United States,is classified as

A)environmental law.
B)global law.
C)international law.
D)national law.
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k this deck
30
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

A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
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31
Dumping is the exporting of environmentally polluting goods to a foreign market.
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32
The basis for Mexico to give effect to the laws and court decisions of the United States is primarily

A)courtesy and respect.
B)fear and intimidation.
C)admiration and envy.
D)payments of cash and exchanges of property.
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33
Few countries guarantee compensation to foreign investors if their property is taken.
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34
When a contract contains a forum selection clause,a lawsuit arising from a dispute under the contract will be heard by a court in the specified forum.
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35
A foreign citizen can bring a civil suit in a U.S. court for a violation of an international tort law.
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36
The chief aim of the World Trade Organization is to minimize trade barriers among its members.
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37
U.S. laws that prohibit discrimination in employment apply to U.S. em-ployees working for U.S. firms located abroad.
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38
Restrictions on imports may not include quotas.
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39
Premier Clothing,Inc.,a U.S. firm,obtains a judgment in a U.S. court against Quang Tri,Ltd.,a Vietnamese business. Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of

A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the principle of comity.
D)the World Trade Organization.
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k this deck
40
International contracts rarely include arbitration clauses.
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k this deck
41
Optima Medico Corporation,a U.S. firm,signs a contract with Pharma Beneficial,Ltd.,a Canadian firm,to give Pharma the right to sell Optima's products in Canada. This is

A)a distribution agreement.
B)a joint venture.
C)direct exporting.
D)licensing.
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Unlock Deck
k this deck
42
International Media,Inc.,a U.S. firm,expands into global markets through a joint venture. In the venture,International Media shares responsibilities and

A)both the profits and liabilities.
B)none of the profits or liabilities.
C)the profits,but not the liabilities.
D)the liabilities,but not the profits.
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k this deck
43
Call Center Corporation,a U.S. firm,owns property in India. The government of India seizes the property for a proper public purpose and pays Call Center just compensation. This is

A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
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Unlock Deck
k this deck
44
WiFi Corporation,a U.S. firm,signs a contract with Bueno Computadores,Ltd.,an Argentinean firm,for a shipment and payment for WiFi's goods. This is

A)a distribution agreement.
B)a joint venture.
C)direct exporting.
D)licensing.
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Unlock for access to all 72 flashcards in this deck.
Unlock Deck
k this deck
45
Without permission,a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is

A)piracy.
B)a licensing agreement.
C)indirect exporting.
D)franchising.
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Unlock for access to all 72 flashcards in this deck.
Unlock Deck
k this deck
46
Skye Pye Corporation,a U.S. firm,wishes to participate,but limit its involvement,in Middle Eastern markets. Skye Pye empowers Alem,Ltd.,a United Arab Emirates firm,to enter into contracts in certain countries on Skye Pye's behalf. This is

A)a distribution agreement.
B)an agency relationship.
C)indirect exporting.
D)licensing.
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Unlock for access to all 72 flashcards in this deck.
Unlock Deck
k this deck
47
Business Universal Corporation,a U.S. firm,establishes a wholly owned subsidiary firm in Brazil. In this situation,Business Universal retains complete control and authority over

A)all of the operation.
B)only the part of the operation in the United States.
C)none of the operation.
D)about half of the operation.
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Unlock for access to all 72 flashcards in this deck.
Unlock Deck
k this deck
48
UniOil,a U.S. firm,owns property in Nicaragua. When the government of Nicaragua seizes the property,UniOil asks a U.S. court to order the property's return. The court rules that Nicaragua is exempt from the court's jurisdiction. This is

A)a travesty of justice.
B)theact of state doctrine.
C)thedoctrine of sovereign immunity.
D)theprinciple of comity.
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Unlock Deck
k this deck
49
The U.S. corporation Burger Heaven makes a deal with an Icelandic firm that allows the Icelandic firm to use Burger Heaven's trade name in Iceland in return for a fee. This is

A)a franchise.
B)piracy.
C)a joint venture.
D)direct exporting.
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Unlock Deck
k this deck
50
Munchies Bistro Corporation,a U.S. firm,signs a contract with Manger au Brasserie,S.A.,a French firm,to give Manger the right to use Munchies's trademark in restaurants in France. This is

A)a distribution agreement.
B)a joint venture.
C)direct exporting.
D)licensing.
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Unlock Deck
k this deck
51
Mont Blanc S.A.,a French firm,imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of Mont Blanc's goods in

A)the European market.
B)France.
C)the United States.
D)the world market.
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Unlock Deck
k this deck
52
The United States taxes each barrel of imported oil at a flat rate. This is

A)an antidumping duty.
B)a dumping duty.
C)a quota.
D)a tariff.
Unlock Deck
Unlock for access to all 72 flashcards in this deck.
Unlock Deck
k this deck
53
Significant business develops in Spain for Graphic Comix,Inc.,a U.S. firm. Graphic Comixappoints Comicas Graphico,Ltd.,a Spanish firm,to act as Graphic Comix's marketing representative in Spain. This is

A)a joint venture.
B)franchising.
C)indirect exporting.
D)licensing.
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Unlock Deck
k this deck
54
World Metals,Inc.,a U.S. firm,wants to file a suit in the United States against a Venezuela government agency,alleging a violation of certain international laws. Under the Foreign Sovereign Immunities Act,the agency is

A)not immune from the jurisdiction of U.S. courts.
B)immune from the jurisdiction of U.S. courts.
C)not subject to a suit by any private foreign firm.
D)subject to a suit by a private firm only in Venezuela.
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55
AgriWorld,a U.S. firm,owns property in Kenya. The government of Kenya seizes the property. AgriWorld claims that this is confiscation. The government of Kenya claims that it is expropriation. The burden of proof lies with

A)the U.S. government.
B)the government of Kenya.
C)AgriWorld.
D)none of the choices.
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56
Hong Ltd.,a Chinese firm,imports its goods into the United States and offers those goods for sale at "less than fair value." This is

A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
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57
Ecuador seizes the assets of Resourced Oil,Inc.,a U.S. firm. Resourced's recovery from Ecuador in a U.S. court may be prevented by

A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the North American Free Trade Agreement.
D)the principle of comity.
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58
Northwest Resources,Inc.,and Midwest Commodities Corporation are exporting firms that join together to export a line of products. Northwest Resourcesand Midwest Commodities apply to Commerce Bank for a loan to fund their effort. Under federal law,Commerce and other U.S. banks are

A)encouraged by credit guaranties to lend such funds.
B)discouraged by administrative rules to make such loans.
C)asked by enforcement agencies to report such requests.
D)banned by statute from opening such credit lines.
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59
The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is

A)a dumping duty.
B)an antidumping duty.
C)a quota.
D)a tariff.
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60
Global Holdings,Inc. owns property in Kazakhstan. The Kazakhstan government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation,the Kazakhstan government must

A)pay just compensation to Global Holdings.
B)pay just compensation to the U.S. government.
C)obtain the approval of the United Nations.
D)act in full accord with the laws of Kazakhstan.
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61
Telfonix Corporation,a U.S. firm,and Adex,Inc.,a British firm,are parties to a contract with a choice-of-forum clause. The forum specified in the clause must be within the geographic boundaries of

A)the United States.
B)Britain.
C)neither the United States nor Britain.
D)either the United States or Britain.
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62
The management of Sport Shoes Corporation,a U.S. firm,wants to expand into foreign investment and employment markets. They are considering ei-ther opening their own production facility in a foreign country or enter-ing into a licensing agreement with a foreign firm. What are the advan-tages and disadvantages of each of these courses of action?
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63
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

A)the agreement was made in Switzerland.
B)the agreement was made in the United States.
C)the price fixing has a substantial effect on U.S. commerce.
D)the Swiss government agrees to be sued in the United States.
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64
To obtain a contract with the Chinese government,Road & Bridge Engineering Corporation,a U.S. firm,gives a Chinese official a sport utility vehicle. This may violate

A)the act of state doctrine.
B)the doctrine of sovereign immunity.
C)the Foreign Corrupt Practices Act.
D)the principle of comity.
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65
Bango! Business,Inc.,a U.S. firm,may have committed,in Chile,acts that would constitute,in the United States,violations of U.S. anti-trust laws. These laws apply

A)extraterritorially.
B)only to signatories of the North American Free Trade Agreement.
C)only to members of the World Trade Organization.
D)only within U.S. borders.
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66
Real World Sports Corporation (RWSC)is a U.S. firm with a workplace in Switzerland. Generally,RWSC must abide by U.S. anti-discrimination laws in Switzerland

A)under any circumstances.
B)under no circumstances.
C)unless to do so would contravene the cultural norms of Switzerland.
D)unless to do so would violate the law of Switzerland.
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67
Dark Chocolate,Inc.,a U.S. firm,enters into an agreement with Columbiana Cacao,S.A.,a South American firm,to fix the price of imported chocolate in the U.S. market. If the agreement is a per se violation of U.S. antitrust laws,a U.S. court could exercise jurisdiction over

A)Dark and Columbiana.
B)Dark only.
C)Columbiana only.
D)neitherDark nor Columbiana.
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68
Fashion Industries Corporation owns assets in Vietnam,a country in Asia. The gov-ernment of Vietnam wants to nationalize all assets owned by foreign firms and investors. What can Fashion Industries do? Can it at least obtain payment for the assets?
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69
Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Earth Mining Company,a U.S. firm. To seek redress for their injuries in a U.S. court,these citizens can

A)subject the private company to the provisions of the Sherman Act.
B)bring civil suits under the Alien Tort Claims Act.
C)file criminal complaints under Title VII of the Civil Rights Act.
D)do nothing.
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70
West Africa Investments,Inc.,a U.S. firm,and Findora Commercial,a Nigerian firm,are parties to a contract that specifies that the official language of the contract is English. This is

A)a choice-of-forum clause.
B)a choice-of-language clause.
C)a choice-of-law clause.
D)an arbitration clause.
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71
Renew Energy Company,a U.S. firm,and Royal Petro,a Dutch firm,enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

A)any specified third party.
B)the American Arbitration Association.
C)the Dutch Arbitration Organization.
D)the International Chamber of Commerce.
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72
Jack,or anyU.S. citizen,can bring a civil suit in a U.S. court against a foreign entity

A)for a tort allegedly committed in the United States only.
B)for a tort allegedly committed in the United States or overseas.
C)for a tort allegedly committed in the United States or overseas.
D)under no circumstances.
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