Wk9
All of the following are true about NAFTA except: Canada and Mexico are significant purchasers of U.S. agricultural products. NAFTA tariff rates apply only to articles that originate in Canada, Mexico or the U.S. NAFTA's national treatment principle is different than GATT's. All of the choices are true and correct and there is no exception.
NAFTA's national treatment principle is different than GATT's.
The hallmark of EU regulation is the free movement of all of the following except: Group of answer choices people there is no exception. The EU hallmark is the free movement of goods, services, capital and people. goods capital services
there is no exception. The EU hallmark is the free movement of goods, services, capital and people.
NAFTA applies to all of the following except: Group of answer choices Live animals born and raised in North America minerals mined in North America NAFTA applies to all of the choices. There is no exception. Vegetables grown in North America
NAFTA applies to all of the choices. There is no exception.
All of the following is true about a customs union except: Group of answer choices the European Union is a customs union Customs unions have a common customs tariff. NAFTA is a customs union. All of the other choices are true and there is no exception.
NAFTA is a customs union.
True or false: Dutiable status of goods is determined by the classification, coding, and customs value of the article but not its country of origin.
False
True or false: Globally, NAFTA is the second largest free trade area.
False
True or false: Mexico and the U.S. are each other's largest trading partners.
False
What is true about NAFTA? North American companies may compete for government contracts for the supply of goods and services. All of the choices are correct. the U.S., Canada or Mexico have agreed to waive rights to invoke emergency safeguards for a domestic industry. To have originated in North America, orange juice must be made of at least 75 percent North American fruit.
All of the above?
All of the following countries are parties to a Free Trade Area with the US except: Group of answer choices a. Costa Rica b. Brazil c. South Korea d. The United States is party to a Free Trade e. Area with each of the country choices. There is no exception. f. Jordan
Brazil
The final arbiter of European Law is Group of answer choices The General Court EU Court of Appeals the EU Supreme Court None of the other choices are correct. Court of Justice of the European Union.
Court of Justice of the European Union.
All of the following are true about the EU except: Group of answer choices An EU regulation shall have general application and be binding in its entirety and applicable in all member states. An EU directive shall be binding as to the result to be achieved on each member state to which it is addressed but shall leave to the national authorities the choice of form and methods. EU recommendations and opinions have binding force similar to an EU regulation and directive. An EU decision shall be binding in its entirety on the member state or individual.
EU recommendations and opinions have binding force similar to an EU regulation and directive.
All of the following are true about intellectual property rights (IPR) under NAFTA except: Group of answer choices Each of the choices are correct. IPR's must be filed and registered with the Patent and Copyright office of each country, Canada, U.S. and Mexico. No country can make citizenship be a requirement of IPR protection. NAFTA guarantees that any IPR is freely transferable by the owner to another party.
IPR's must be filed and registered with the Patent and Copyright office of each country, Canada, U.S. and Mexico.
Which of the following is an untrue statement relative to NAFTA: Group of answer choices Patents must be made available for any invention in all fields of technology including pharmaceuticals, whether it is a product or process. All of the other choices are true. Trademarks and service marks are protected under NAFTA for 50 years. Copyrights are protected equally in all three countries under NAFTA.
Trademarks and service marks are protected under NAFTA for 50 years.
True or false: A NAFTA certificate of origin certifies that the goods qualify as having originated in North America for purposes of preferential tariff treatment under NAFTA.
True
True or false: Consumer protection with respect to fair business practices, misleading and comparative advertising, labeling, toy products, electrical appliances, pharmaceuticals and machinery is an important aspect of EU legislation.
True
True or false: NAFTA textile provisions are of major significance because of the U.S. position as a major textile importer.
True
True or false: The EU common market regulates all trade in goods and prohibits the use of customs duties on imports and exports and all equivalent charges between member states. Group of answer choicesTrue
True
All of the following are members of the European Union except: Group of answer choices Greece Malta Slovakia Slovenia Turkey
Turkey
Rules of origin are used to determine all of the following except: a. whether an import is subject to a preferential tariff rate or an increased rater. b. the normal tariff rate on an import c. The rule of origin is used in all of the other circumstances. There is no exception. d. whether an import is subject to antidumping duties e. the proper country of origin marking or labeling of the product
c. The rule of origin is used in all of the other circumstances. There is no exception.
Foreign trade zones are: Group of answer choices None of the other choices are correct. legally defined sites within a country where imported goods may be brought into without being subjected to tariffs until such time as the goods are released into commerce in the U.S. also called Customs Unions. are also called Free Trade Areas.
legally defined sites within a country where imported goods may be brought into without being subjected to tariffs until such time as the goods are released into commerce in the U.S.
