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1.
(p. 125)
The terms international law and comparative law do not mean the same thing.
2.
(p. 126)
When doing business internationally, a foreign sales representative does the same thing
as a distributor.
3.
(p. 126)
A franchise agreement is the same thing as a joint venture.
4.
(p. 127)
Because ethical issues vary from country to country, international business persons
should not take ethical considerations into account in the decision-making process.
5.
(p. 128)
The General Agreement on Tariffs and Trade became effective in 2000.
6.
(p. 129)
As understood in the General Agreement on Tariffs and Trade, a subsidy is a government
financial contribution that confers a benefit on a specific industry or enterprise.
7.
(p. 129)
In a multilateral free trade agreement, three or more states agree to reduce and gradually
eliminate tariffs and other trade barriers.
8.
(p. 130)
The United States is not a party to the Central American Free Trade Agreement.
9.
(p. 130)
The European Union is an example of a customs union.
10.
(p. 130)
The United States has no bilateral trade agreements.
11.
(p. 137)
A foreign company that maintains a passive website advertising the company's services is
subject to personal jurisdiction in any state in the U.S. because the website may result in sales in
the U.S.
12.
(p. 125)
Which of the following best describes the term "comparative law?"
13.
(p. 125)
A reference to laws governing the conduct of states and international organizations and
their relationships with one another is ______.
14.
(p. 125)
Which of the following is true regarding international organizations?
15.
(p. 125)
What has the U.S. Supreme Court held regarding whether U.S. courts must rely on
customary international law?
16.
(p. 126)
Which of the following is an international agreement?
17.
(p. 126)
A company that sends its products to a foreign marketplace for sale has engaged in
______.
18.
(p. 126)
An agent who distributes, represents, or sells goods on behalf of a foreign seller is
referred to as a[n] ______.
19.
(p. 126)
A[n] _____ purchases goods from a seller for resale in a foreign market and actually takes
title to the goods assuming the risk of being unable to resell them.
20.
(p. 126)
How does ratification of international agreements occur in the U.S.?
21.
(p. 127)
_____ prohibits U.S. companies from offering or paying bribes to foreign government
officials, political parties, and candidates for office for the purpose of obtaining or retaining
business.
22.
(p. 127)
Which of the following is a tax levied on imported goods?
23.
(p. 128)
Which of the following is true regarding nontariff barriers?
24.
(p. 128)
Which of the following is a comprehensive multilateral trading system designed to
achieve distortion-free international trade through the minimization of tariffs and removal of
artificial barriers?
25.
(p. 128)
The ____ facilitates international cooperation in opening markets and provides a forum
for future trade negotiations and the settlement of international trade disputes.
26.
(p. 128)
_____ principle requires that World Trade Organization member states treat like goods
coming from other World Trade Organization member states on an equal basis.
