Chapter 7 - CHAPTER 7INTERNATIONAL LAW TRUE/FALSE 1. The...

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CHAPTER 7—INTERNATIONAL LAW TRUE/FALSE 1. The U.S. system of law is based primarily on code law. ANS: F NAT: AACSB: Analytic TOP: legal systems 2. NATO is the result of a multilateral treaty. ANS: T NAT: AACSB: Analytic TOP: treaties 3. Sovereign immunity protects individual nation's operations from outside interference. ANS: T NAT: AACSB: Analytic TOP: sovereign immunity 4. Under the doctrine of sovereign immunity, commercial transactions cannot be regulated. ANS: F NAT: AACSB: Analytic TOP: sovereign immunity 5. Expropriation is prohibited in countries that are members of the United Nations. ANS: T NAT: AACSB: Analytic TOP: nationalization 6. Nationalization is a process of eminent domain. ANS: F NAT: AACSB: Analytic TOP: nationalization 7. U.S. courts have no jurisdiction over foreign businesses with operations in the United States. ANS: F NAT: AACSB: Analytic TOP: international courts 8. U.S. securities laws would not apply to countries selling securities in the United States under the doc- trine of sovereign immunity. ANS: F NAT: AACSB: Analytic TOP: sovereign immunity 9. The act of state doctrine precludes outside interference in expropriation. ANS: T NAT: AACSB: Analytic TOP: expropriation 10. The overseas Private Investment Corporation is an insurer against expropriation. ANS: T NAT: AACSB: Analytic TOP: expropriation 11. Repatriation is the limitation on removal of profits earned in a country from that country. ANS: T NAT: AACSB: Analytic TOP: repatriation 12. The doctrine of forum non conveniens is used to dismiss cases brought in courts in the wrong nation. ANS: T NAT: AACSB: Analytic TOP: forum non conveniens
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13. The U.S. antitrust laws apply only to U.S. firms. ANS: F NAT: AACSB: Analytic TOP: antitrust 14. The Export Trading Company Act allows for international joint ventures that would otherwise be anti- competitive. ANS: T NAT: AACSB: Analytic TOP: antitrust 15. The United States has a code-based legal system. ANS: F NAT: AACSB: Analytic TOP: sources 16. Under the doctrine of sovereign immunities, a country cannot be forced to answer civil or criminal charges in a U.S. court. ANS: T NAT: AACSB: Analytic TOP: sovereign immunity 17. A foreign country engaging in commercial transactions in the United States is not protected by the doctrine of sovereign immunity for those transactions. ANS: T NAT: AACSB: Analytic TOP: sovereign immunity 18. Foreign businesses engaging in commercial activity in the United States are not subject to U.S. anti- trust laws. ANS: F NAT: AACSB: Analytic TOP: antitrust 19. Tariffs can be revenue-raising and protectionist for domestic goods. ANS: T NAT: AACSB: Analytic TOP: tariffs 20. GATT is a 150-member free trade agreement. ANS: T
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Chapter 7 - CHAPTER 7INTERNATIONAL LAW TRUE/FALSE 1. The...

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