BA 3304
A(n)____ is a business firm operating branches, subsidiaries, or joint ventures in two or more states.
Multinational enterprise
______ is based on principles found in the Koran and related writings.
Shari'a
A doctrine which states that all persons, including the sovereign, are subordinate to the rules of law is called the _______.
Supremacy of the Law
A _______ is a legally binding agreement between two or more states.
Treaty
which of the following describes a spot contract?
a contract fro the immediate sale and delivery of a commodity, such as currency
a group of states that have reduced or eliminated trade barriers among themselves and have established a common external tariff is called ______.
a customs union
according to the doctrine of imputability, ______.
a state is only responsible for actions that are attributable to it
the doctrine of international standard of care states that_____.
a state is responsible for injuring an alien when the states conduct violates international norms
which of the following is true of subsidiary?
a subsidiary insulates the parent company from unlimited liability
a(n) ________ is a subsidy that may be challenged as a trade distorting if it injures the domestic industry of another WTO member state, nullifies or impairs the benefits due to another member state or causes or threatens to cause serious prejudice to the interests of another member state
actionable subsidy
which of the following categories can claim priority while applying for a permanent visa as established by the U.S. immigration and nationality act?
aliens with special skills
which of the following is true of a company's agent situated in a foreign country?
an agent is not subject to the laws of the parent-nation
which of the following is a dispute settlement organ of the WTO that is charged with administering and carrying out the dispute settlement understanding?
appellate body
visas are different from passports in that visas
are issued by the host nation
the ______ is an intergovernmental organization, headquartered in Basel, which functions as a bank for the world's central banks
bank fro international settlements
_____ are laws enacted in some countries to obstruct the extraterritorial application of U.S. antitrust laws by limiting a plaintiffs right to obtain evidence or to enforce a judgement, and that allows a defendant to bring suit locally to recover punitive damages paid in the united states
blocking statutes
the _____ is an agreement between a host state and a foreign investor that says that the investor will not seek the diplomatic assistance of his, her or its home state in resolving disputes with the host state
calvo clause
the _____ is a provision in a contract designating the state whose law will govern disputes relating to the contract
choice of law clause
The practice or courtesy existing between states of treating each other with goodwill and civility is called _______.
comity
the process by which an impartial third party makes an independent investigation and suggests a solution to a dispute is called
concilliation
only countries that are parties to the climate change convention or the _____ are eligible to receive funds from the global environment facility (GEF).
convention on biological diversity
______ are legally binding agreements between states sponsored by international organizations
conventions
which of the following are sponsored by the ILO when there is substantial agreement in the international community about a particular labor practice?
conventions
in civil law countries, a(n) ______ is any private wrong or injury or a minor public wrong or injury
delict
_____ is a form of international dispute settlement that attempts to reconcile parties to a disagreement by use of negotiation, mediation or inquiry.
diplomacy
in municipal law, the right of a government to "take" property for public purposes is known as______.
eminent domain
accounts is domestic banks that are maintained and paid in a foreign currency are generally known as
eurocurrency deposits
______ is the state's taking or deprivation of the property of foreigners.
expropriation
depriving a person or company of private property without compensation is called
expropriation
the parts of a states economy in which foreigners are encouraged to invest are called
foreign priority sectors
the _____ is a provision in a contract designating a particular court or tribunal to resolve any dispute that may arise concerning the contract.
forum section clause
______ are areas in international airports and harbors where travelers can buy goods free of local sales and excise taxes
free retail zones
a ____ is a group of states that have reduced or eliminated tariffs among themselves but that maintain their own individual tariffs in dealing with other states
free trade area
a free sone located within or near a port city is called
free trade zone
______ are geographical areas wherein goods may be imported and exported free from customs tariffs and in which a variety of trade-related activities may be carried on.
free zones
the ______ doctrine holds that courts should apply the law of the state that has the most interest in determining the outcome of the dispute
governmental interest
an international multinational enterprise differs from a multinational enterprise in that an international multinational enterprise
has two or more parent companies located in different states
____ is the proposal of developing countries that would establish a common fund to underwrite the costs of maintaining a buffer stock of primary commodities as a way to stabilize supplies.
integrated program for commodities
The united nations is a type of ______.
intergovernmental organization
the _____ is a specialized agency of the united nations responsible for promoting international efforts to improve working conditions, living standards and the equitable treatment of workers worldwide
international labor organization
a subsidiary differs from a branch in that a subsidiary_______
is a company organized as a separate legal entity that is owned by the parent
which of the following is true of the visa waiver programs?
it allows tourists to stay in a host nation for a limited time without a visa
in case of a person with dual citizenship, which of the following is true about using the lack of nationality objection for the two countries involved?
it cannot be used against the country of master nationality by the other country
which of the following is true of the composition of the international court of justice?
it is composed of 15 judges
which of the following is true of the world trade organization? (wto)
it is responsible for implementing and enforcing the rules of international trade between nations
Which of the following characterizes arbitration?
it is the process by which parties to a dispute submit their differences to the judgement of an impartial third person or group selected by mutual consent
which of the following is true of the international criminal court?
its jurisdiction and functioning are governed by the rome statute
which of the following is true of the international fund fro agricultural development (IFAD)?
its membership is open to any member of the UN
the common law of europe is called the______.
jus commune
the treaty establishing the european community and the ______ of 2010 are the principal sources of lain in the EU, pertaining to business between and among its member states.
lisbon treaty
which of the following terms refers to a GATS requirement that a WTO member state accord to services suppliers of other member states treatment no less favorable than that listed in its GATS schedule of specific commitments?
market access
the ______ is the money used to define the amount of an obligation
money of account
the _____ is a body of the world bank that provides political risk insurance guarantees to private sector investors and lenders.
multilateral investment guaranty agency
a round is a meeting of the contracting parties of GATT to participate in _______
multilateral trade negotiations
once goods are legally imported,they must be treated the same way as domestic goods. this is called _____.
national treatment
acquisition by a state of property previously held by private persons or companies, usually in exchange for some consideration is called_____.
nationalization
A(n) ______ is a domestic firm that operates internationally through independent foreign agents
non multinational enterprise
which of the following terms refers to the assurance of a host government that foreign investors will be treated the same way as local investors?
nondiscrimination guarantee
the OPIC provides insurance for creeping expropriations ______.
only if the investor is willing to give up all claims to the investment
which of the following is a type of regulation against hiring foreign workers?
percentile legislation
products obtained by extraction or harvest that require minimal processing before being used are called______.
primary commodities
the parts of a states economy that are fully open to foreign investors are called___.
restricted sectors
the _____ was issued by the united nations conference on the environment and development and it linked protection of the environment and development as related goals
rio declaration
the ____ is a rule applied by courts on a case by case basis requiring them to consider all of the circumstances in deciding whether a restrictive practice should be prohibited as imposing an unreasonable restraint on competition in violation of Sherman as section 1.
rule of reason
a(n)______ is an emergency action that a WTO member state may take in order to protect its domestic industry from serious injury due to a sudden increase in the quantity of an imported good
safeguard
_____ prohibits contracts, agreements and conspiracies that restrain interstate or international trade
section 1 of the Sherman act
which of the following sections of the IMF articles of agreement requires a member to buy its own currency from other members who have acquired it as the result of a current transaction?
section 4 of article VIII
________ are situations that excuse a WTO member state from complying with its GATT obligations when those in conflict with its essential security interests or its duties under the united nations charter.
security exceptions
the______ is a GATT scheme that allows developing states to grant tariff preferences to each other without having ti grant them to developed states.
south-south preferences
which of the following is the reserve currency used by the IMF?
special drawing currency (SDR)
GATS differs from NAFTA in that GATS
specifically defines four basic modes of supply
_____ promise foreign investors that the host government will not change its tax, foreign exchange or other legal regime for a certain period of time or that changes subsequent to the establishment will not affect that enterprise.
stabilization clause
_____ are mandatory laws provisions that specify the characteristics of products: the processes and production methods for creating products; and the terminology, symbols, packaging, making or labeling requirements for products, processes or production methods.
technical regulations
which of the following is true of corporations and companies being treated as separate legal entities?
the liability of the owners becomes limited to their investment in their company
which of the following IMF facilities essentially acts as bridging loans provided to member states while the IMF deliberates about whether to provide funds to the particular member state?
the standby arrangement
which of the following international treaty on global warming was adopted with the rio declaration?
the united nations framework convention on climate change
which of the following is a relation between the world bank and the global environment facility (GEF)?
the world bank is responsible for managing the trust fund of the global environment facility
which of the following is true of NAFTA members right to change the limitations on their sectoral list?
they cannot make it more restrictive than it is
which of the following would be a valid reason for the parent company to convert a branch into a locally organized subsidiary?
to insulate the parent company from liability
the ______ is a law enacted by the united states in 1968 that authorizes the securities and exchange commission to issue rules regulating takeover bids.
williams act