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Exam 31: International Law in a Global Economy

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Question 31

True/False

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In a joint venture,the parent company in the United States retains complete ownership and authority over all phases of the operation.

A) True
B) False

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Question 32

Multiple Choice

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The U.S.corporation Fun Toys,Inc.sets up a firm in China.The parent company remains in the United States and retains complete ownership of the China branch as well as complete authority and control over all phases of the operation.This is

A) adistribution agreement.
B) a wholly owned subsidiary.
C) a joint venture.
D) direct exporting.

E) B) and D)
F) All of the above

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Question 33

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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

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

The doctrine of sover-eign immu-nity cannot immunize a foreign nation from the jurisdiction of U.S.courts.

Under the principle of comity,one nation may defer and give effect to the laws and judicial decrees of another country.

Telfonix Corporation,a U.S.firm,and Adex,Inc.,a British firm,are parties to a contract with a forum-selection clause.The forum specified in the clause

Restrictions on imports may include prohibitions.

The Foreign Sovereign Immunities Act spells out what a "foreign state" includes.

The act of state doctrine does nothave important consequences for firms doing business in other countries.

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

Senator Brown and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries.To restrict or encourage exports,Congress can

Vieux Carré 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

The United States and other members of a certain organization agree to grant normal trade relations status to each other with regard to im-ports and exports.This organi-zation is

Wytex,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

Dumping is the sale of imported goods at "less than fair value."

Wrugged Woolens,Inc.,a U.S.corporation,sets up a specialized marketing organization in Scotland by appointing a foreign agent.This is called

Restrictions on imports may include quotas.

Generally,a foreign government cannot sue under U.S.anti-trust laws in U.S.courts.

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