Most favored nation status is a part of the gatt

This preview shows page 11 - 14 out of 14 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
The Legal Environment Today
The document you are viewing contains questions related to this textbook.
Chapter 6 / Exercise 06
The Legal Environment Today
Cross/Miller
Expert Verified
34.Most-favored-nation status is:a.part of the GATT treaty.b.part of United States’ trade policy only.c.is only part of EU governance.d.none of the aboveANS:A
PTS:1NAT:AACSB: AnalyticTOP:treaties35.The United State has, since 1989, prohibited U.S.-based companies from selling military equipment to China. This restriction is an example of:
PTS:1NAT:AACSB: AnalyticTOP:trade36.OPEC is:
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
The Legal Environment Today
The document you are viewing contains questions related to this textbook.
Chapter 6 / Exercise 06
The Legal Environment Today
Cross/Miller
Expert Verified
PTS:1NAT:AACSB: AnalyticTOP:trade37.Adam Smith supported international trade because:
PTS:1NAT:AACSB: AnalyticTOP:international trade38.Recently the most active pirates have been based in what country?a.Cubab.Indiac.Australiad.SomaliaANS:D
PTS:1NAT:AACSB: AnalyticTOP:pirates39.The Alternative Fines Act:
PTS:1NAT:AACSB: AnalyticTOP:FCPA40.Andre Dubai is the CEO of Lacota, a firm headquartered in Portugal. Lacota has acquired 10 companies in the United States. One of the companies is publicly traded on NASDAQ. Lacota does not have the reporting mechanisms, ethics codes, or board structure for its NASDAQ company that arerequired under U.S. laws for publicly traded companies. Dubai says that he and Lacota have sovereign immunity from U.S. laws.
PTS:1NAT:AACSB: AnalyticTOP:sovereign immunityESSAY
1.Sunoco Oil Company had long-term oil supply contracts with KW, an oil company in Kuwait. The contracts were negotiated in 1989. The contracts ran smoothly until 1990, when armed forces from Iraq took possession of the oil-producing facilities of Kuwait. The eventual result was the Persian GulfWar which began in early 1991. Sunoco's oil was not delivered for over one year. Sunoco wishes to know its damage rights against KW for the year-long interruption in its oil supply.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture