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Developing countries are enforcing their respective environmental laws in order to
reduce their industrial and transportation emissions.
a. True
b. False
The term used to describe some action taken by a GATT member country in violation of
the GATT agreement is:
a. Null and void.
b. Unfair and inequitable.
c. Persona non grata.
d. Nullification and impairment.
In the event the importer files a protest and Customs denies the protest an appeal can be
filed with a federal court of appeals.
a. True
b. False
There are preference provisions in U.S. tariff laws designed to stimulate the economic
progress of less developed nations..
a. True
b. False
Transfer of technology laws are U.S. statutes that require U.S. companies to share their
technology and research with firms in Africa.
a. True
b. False
American policy tends to be more forgiving of a patent holder's restrictions than the
European Commission.
a. True
b. False
Price reduction is not available as a buyer's remedy for the seller's breach under the
CISG if:
a. The seller has already delivered conforming substitute goods.
b. The buyer has refused to accept the seller's attempt to cure the breach.
c. The buyer has avoided the contract and refused delivery.
d. All of the above.
A basis for the non-enforcement of a foreign judgment is the defective service of
process or lack of personal jurisdiction.
a. True
b. False
Trade consists of the import and export of goods or services.
a. True
b. False
The Council of Europe is an EU institution.
a. True
b. False
Tariff concessions under GATT are recorded in tariff schedules, which are detailed
product-by-product listings of all tariff obligations for that nation.
a. True
b. False
A treaty between three countries is said to be trilateral.
a. True
b. False
Which of the following is not an instance in which the U.S. Trade Representative may
take retaliatory action against a foreign country?
a. The foreign country's policies violate the legal rights of the U.S. and restrict U.S.
commerce.
b. The foreign government permits forced labor.
c. The foreign government's policies are unreasonable or discriminatory and burden or
restrict U.S. trade or foreign investment.
d. None of the above is discretionary, rather, retaliation by the U.S. Trade
Representative is mandatory in all three instances.
The principal use of an article refers to:
a. The purpose for which it is to be imported.
b. The use that is greater than any other single use of the article.
c. The use of the components once they are fully assembled.
d. Any one of the above.
Since the end of the cold war all controls have been abolished on all commodities going
to Russia.
a. True
b. False
The principle of least-restrictive trade means that otherwise valid restrictions on trade
can be no more restrictive than necessary to achieve the goals for which they were
imposed.
a. True
b. False
Under the Harmonized Tariff Schedule, all members of the WTO charge the same rate
of duty upon the import of the same or similar products.
a. True
b. False
The U.S. and Canada have both adopted the Harmonized Commodity Description and
Coding System.
a. True
b. False
The U.S. law that governs the liability of an ocean carrier for transporting goods from
one U.S. port to a foreign port is the:
a. The Hague Rules.
b. The Uniform Commercial Code.
c. The Harter Act.
d. The Carriage of Goods by Sea Act.
A U.S. court might refuse to enforce a Libyan court judgment were there is a lack of
"due process" under the Fifth Amendment.
a. True
b. False
A draft due at a future date or after a specified period of time that has been signed by
the buyer is called:
a. Sight draft.
b. Time draft.
c. Trade acceptance.
d. All of the above.
The U.S. Bureau of Customs and Border Protection is the agency charged with
assessing and collecting tariffs and administering duty-free zones.
a. True
b. False
