SEVI 4583 Review
When measuring the value produced in an economy, most international organizations prefer to use
GNI.
If the United States and Italy fell into a trade dispute, which form of international law would govern the situation?
Public.
WIPO is a
UN agency that administers an intellectual property system.
Trademarks are defined as
a shape, color, design, sound, phrase, abbreviation by which a product is designated.
Japan restricts the number of automobiles its manufacturers can export to the United States each year. What is this an example of?
absolute quota
The three main approaches to law are
civil, common, and religious.
Trade obstacles are considered to be legal forces because
customs is controlled by a country's national police or army.
A large international debt may result in
decreased levels of foreign exchange available.
The World Bank categorizes countries based on GNI per capita, using the following categories:
high-income economies, middle-income economies, low-income economies.
In U.S. accounting law, the Sarbanes-Oxley Act
holds corporate officers personally responsible for their corporate filings.
Currently, what percentage of the world's total population is found in developing countries?
more than 75 percent.
Reductions in birthrates are occurring worldwide because
of an increased level of urbanization.
Government stability has to do with
policies that are permanent or change gradually.
One reason a government chooses to restrict trade would be to
protect domestic infant industries.
U.S. responses to foreign tariffs are likely to
raise the cost of the imported goods for U.S. consumers.
The primary reason tariffs are put in place is to
raise the price of imports, to protect domestic good
Smaller nations would like patent protection to be
reduced, so that they can make money sooner.
When governments nationalize a firm, they don't seek to
sell the firm to foreign investors.
Nationalization and privatization are implemented by
the government.
Because of the importance of economic information to the control and planning functions at headquarters, the collection of data and preparation of reports are usually the responsibility of
the home office.
what is the purpose of economic analyses?
to assess the overall outlook for the economy and the impact of economic changes on the firm.
The most important sources of international law are
Bilateral and multilateral treaties, along with customary law.
Some countries impose both an ad valorem duty and a specific duty on a single import. What type of duty are these countries using?
Compound.
