BUS252 Ch21&22

Which of the following countries is not a member of the North American Free Trade Agreement:

Brazil

The ____ is the agency with primary responsibility for the Endangered Species Act.

Fish and Wildlife Service

U.S. companies and their agents are prohibited from bribing foreign officials by the:

Foreign Corrupt Practices Act

The ____ is the principal court of the United Nations.

International Court of Justice

The ____ is responsible for promoting international trade by working to promote the stability of government finances and currency exchange rates.

International Monetary Fund

The ____ promotes private foreign investment through loans and guarantees and also provides technical and managerial assistance on large capital projects.

World Bank

Permits to dredge wetlands often include:

a requirement that other land be restored to wetland status in exchange

Which of the following is an industry that is affected by NAFTA:

automobiles, textiles, agriculture, pharmaceuticals

International business is often defined to include:

business transactions that involve two or more countries and the movement of services, capital, and personnel across national boundaries and the transactions of multinational firms

To help enforce the Clean Air Act there may be:

citizen suits and EPA fines

Which of the following is a way to regulate imports:

complicated customs procedures, government procurement policies, safety and manufacturing standards

Which of the following is an environmental issue that must be dealt with at the international scale:

global climate change, the ozone layer, the marine environment, habitat destruction

The Clean Air Act requires the EPA to

implement pollution standard across the country, protect and enhance the quality of the nation's air resources, set pollution standards

Under the Clean Water Act, dumping pollutants into navigable waters:

is illegal without a permit

Under Superfund, if there is a hazardous waste site, liability for cleaning it up is apportioned among responsible parties according to:

joint and several liabilities, whereby any one party could pay the entire bill

Which of the following is a main source of international commercial law:

laws defined by trade agreements between countries, rules enacted by worldwide or regional organizations, laws of individual nations

a risk that international businesses face:

political risks, financial risks, regulatory risks

Which of the following items are banned from being imported into the U.S.:

products from endangered species, items that do not meet U.S. pollution regulations, narcotics

The main goal of the Clean Water Act of 1972 is to:

restore and maintain the integrity of the waters of the U.S.

States that are not in compliance with the Clean Air Act:

risk losing federal funding if they do not improve

Which of the following is one of the Clean Water Act's five main elements:

special provisions for toxic chemicals and oil spills, a discharge permit program, water quality standards set by the states under EPA approval, national effluent standards set by the EPA for each industry

In practice, the focus of the Endangered Species Act is on:

stopping or altering activity on private or public land when endangered species are present

An ad valorem tariff is:

tax based on a percentage of the price of the product

primary agency that implements and enforces federal environmental regulations is:

the EPA

Under the Clean Water Act:

the EPA develops effluent guidelines on an industry-by-industry basis

Wetlands mitigation banking is:

the practice of buying or restoring other wetlands in exchange for the right to fill some wetlands

Today, international law can be enforced largely:

through international arbitration and in the courts of an individual country

Restrictions on a country's imports are generally imposed for which of the following reasons:

to protect a country's domestic industries from foreign competition

When the value of a country's imports exceeds the value of its exports the country is said to have a:

trade deficit

Which of the following is one of the four major external environmental problems that the EPA has primary responsibility for:

water pollution