Deck 54: International and World Trade Law

ملء الشاشة (f)
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سؤال
The U.S.Constitution divides the power to regulate foreign affairs equally between the federal and state governments.
استخدم زر المسافة أو
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لقلب البطاقة.
سؤال
Explain the Treaty Clause of the U.S.Constitution.
سؤال
________ is a rule which states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

A)The doctrine of sovereign immunity
B)The act of state doctrine
C)The Colgate doctrine
D)The Noerr doctrine
سؤال
Which of the following is codified in the Foreign Sovereign Immunities Act?

A)the act of state doctrine
B)the principle of restricted immunity
C)the Supremacy Clause
D)the choice of forum clause
سؤال
The European Union was created by a multilateral treaty.
سؤال
If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles,the tax violates the ________ of the U.S.Constitution.

A)Equal Protection Clause
B)Foreign Commerce Clause
C)Supremacy Clause
D)Due Process Clause
سؤال
Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.
سؤال
________ is a clause in an international contract that designates which nation's court has jurisdiction to hear a case arising out of the contract.

A)A forum-selection clause
B)The Treaty Clause
C)The Foreign Commerce Clause
D)A choice of law clause
سؤال
Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

A)the Due Process Clause and Double Jeopardy Clause
B)the Supremacy Clause and the Equal Protection Clause
C)the Free Exercise Clause and the Establishment Clause
D)the Foreign Commerce Clause and the Treaty Clause
سؤال
________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.

A)The Equal Protection Clause
B)The Supremacy Clause
C)A forum-selection clause
D)A choice of law clause
سؤال
Treaties sponsored by international organizations like the United Nations are known as ________.

A)arraignments
B)abjections
C)amendments
D)conventions
سؤال
Which of the following is an exception to the Foreign Sovereign Immunities Act?

A)the sham exception
B)the managed trade exception
C)the diversity of citizenship exception
D)the commercial activity exception
سؤال
The Treaty Clause of the U.S.Constitution designates the president of the United States as its agent to deal with foreign affairs.
سؤال
By default,a case involving an international dispute is prosecuted only in ________.

A)the International Court of Justice
B)a court in the defendant's country
C)a court in the plaintiff's country
D)the World Trade Organization dispute settlement body
سؤال
Which of the following statements is true of international law?

A)All legal matters of international importance are prosecuted by a single world court that is responsible for interpreting international law.
B)The enforcement of international law is regulated by a unitary world executive branch.
C)There is no single legislative source of international law.
D)All countries have to follow the international law enacted by other countries.
سؤال
Which of the following statements is true of the Treaty Clause?

A)It provides that the president can make treaties of his own accord, autonomously.
B)It provides that the president can enter into treaties with the approval of the two-thirds of the senate.
C)It provides that the states have exclusive power to regulate internal and foreign affairs.
D)It provides that the federal government has supremacy over the state in matters of international trade.
سؤال
Under the Treaty Clause,________ is seen as the agent of the United States in dealing with foreign countries.

A)the Secretariat
B)the president
C)the United Nations
D)the deputy secretary
سؤال
An agreement between two or more nations that is formally signed by an authorized representative of each nation and ratified by each nation is known as a(n)________.

A)statute
B)charter
C)treaty
D)arraignment
سؤال
Under the Treaty Clause,both the federal government and state governments can enter into treaties with foreign nations.
سؤال
Which of the following is a provision under the Foreign Sovereign Immunities Act?
A)It stipulates the rules for conflict resolution between the Dominican Republic-Central America Free Trade Agreement (DR-CAFT

A)members.
B)It endows the president with powers to enter into treaties with foreign nations.
C)It exclusively governs suits against foreign nations in the United States.
D)It regulates commerce between the United States and foreign nations.
سؤال
Which of the following is headed by the secretary-general of the United Nations (U
N)?

A)the International Court of Justice
B)the Secretariat
C)the Security Council
D)the General Assembly
سؤال
What does the act of state doctrine assert?
سؤال
The act of state doctrine allows the citizen of one country to bring a lawsuit in that country against a law prevalent in another.
سؤال
The ________ prescribes comprehensive and integrated rules of religious,political,and legal life that together form Jewish thought.

A)Shari'a
B)Torah
C)dharmasastra
D)riba
سؤال
The Foreign Sovereign Immunities Act (FSIA)strictly states that a foreign country is not immune to lawsuits in U.S.courts under any circumstances.
سؤال
Which of the following statements is true of the canons of Christian faith?

A)The Code of Canon Law produced in 1917 is followed by all sects of Christianity today.
B)The Code of Canon Law regulates the conduct of the Church but fails to govern the actions of individual Catholics.
C)The Orthodox churches treat their canons more as guidelines than as laws.
D)The canons remain silent on the legal measures guiding marriage or inheritance.
سؤال
The General Assembly of the United Nations (U
N)is ________.

A)a collection of autonomous agencies that deals with the socio-economic problems of the United States
B)the legislative body of the United Nations that is composed of all UN member nations
C)a group of 15 member nations that is primarily responsible for maintaining international peace and security
D)the staff of persons that administers the day-to-day operations of the UN
سؤال
Classical Hindu law rests heavily on civil codes adopted during the reigns of different kings.
سؤال
A choice of law clause is a mandatory clause that should be present in every international contract.
سؤال
Which of the following branches of the United Nations is primarily responsible for maintaining international peace and has authority to use armed force for this purpose?

A)the General Assembly
B)the Secretariat
C)the Security Council
D)the International Court of Justice
سؤال
The canons of Christian faiths provide rules for believers to follow in living their lives and professing their faith.
سؤال
The classical Hindu law was based on ________.

A)civil codes
B)court decisions
C)the works of private scholars
D)the canons called Torahs
سؤال
Rabbinic jurisprudence is administered by rabbi-judges sitting as the Beis Din.
سؤال
The Code of Canon Law of 1983 stipulates the code of conduct to be followed by all Christians around the world.
سؤال
The Islamic law (or Shari'a)encourages levying interest on loans.
سؤال
Throughout Christianity,divine and natural laws have been issued in the form of ________.

A)edicts
B)conventions
C)adjurations
D)canons
سؤال
The United States follows the principle of restricted immunity for suits against foreign nations.
سؤال
A forum-selection clause designates which nation's court has jurisdiction to hear a case arising out of a contract.
سؤال
Which of the following is true of the Islamic law of Shari'a?

A)The Shari'a disallows making a reasonable profit from the sale of goods and services.
B)All Islamic countries strictly follow the Shari'a to govern all aspects of life.
C)The Shari'a encourages riba through the strict payment and collection of interest on loans within stipulated periods of time.
D)The Shari'a is primarily used in the areas of marriage; divorce; inheritance; and, to a limited degree, criminal law.
سؤال
The ________ is an international organization created by a multilateral treaty in 1945 to promote social and economic cooperation among nations and to protect human rights.

A)United Nations
B)League of Nations
C)General Agreement on Tariffs and Trade
D)World Trade Organization
سؤال
Which of the following is true of the International Monetary Fund (IM
F)?

A)The IMF is a federal body that consists of representatives of all the states and federal experts of the United States.
B)The IMF is funded from the Superfund created by the Comprehensive Environmental Response, Compensation, and Liability Act.
C)The IMF is an autonomous agency of the United Nations which promotes sound monetary, fiscal, and macroeconomic policies worldwide.
D)The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance.
سؤال
The United Nations (UN)Security Council is composed of all UN member nations.
سؤال
Which of the following statements is true of the European Union (E
U)?

A)All issues have to be passed unanimously by the EU members to be enforced.
B)Every country in the European Union has adopted the euro as its monetary unit.
C)Custom duties have been removed among member nations of the European Union.
D)Custom tariffs have been removed for trade between the EU and the rest of the world.
سؤال
The ________ is a treaty that has removed or reduced tariffs,duties,quotas,and other trade barriers among the United States,Canada,and Mexico.

A)Free Trade Area of the Americas Treaty
B)North American Free Trade Agreement
C)Central America Free Trade Agreement
D)General Agreement on Tariffs and Trade
سؤال
Which of the following statements is true of the North American Free Trade Agreement (NAFT
A)?

A)It allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers.
B)It disallows any special protection being extended to specific industries.
C)It disallows NAFTA members from trading with other countries unless a unanimous vote is obtained.
D)It has been hailed by economists to be a perfect example of a free trade pact.
سؤال
The International Court of Justice is composed of 15 judges who serve nine-year terms.
سؤال
Which of the following is an example of an autonomous agency of the United Nations?

A)the North Atlantic Treaty Organization
B)the Security Council
C)the World Trade Organization
D)the International Monetary Fund
سؤال
Indonesia,Vietnam,Thailand,and the Philippines are members of the ________.

A)Organization of the Petroleum Exporting Countries
B)Association of Southeast Asian Nations
C)Dominican Republic-Central America Free Trade Agreement
D)North American Free Trade Agreement
سؤال
Which of the following statements is true of the International Court of Justice?

A)It is the executive branch of the United Nations (U
N)that helps interpret international law.
B)It only hears cases of nations, and not of individuals and businesses.
C)It does not have the authority to hear cases involving treaties and the UN Charter.
D)It is headed by the secretary-general of the United Nations.
سؤال
The World Bank is ________.

A)an autonomous agency under the aegis of the European Union
B)an agency that monitors the financial collaborations taking place in the eurozone
C)primarily responsible for promoting sound monetary, fiscal, and macroeconomic policies worldwide
D)primarily responsible for providing money to developing countries to fund projects for humanitarian purposes
سؤال
The United Nations (UN)Secretariat is headed by the secretary-general of the UN.
سؤال
Individuals and businesses can directly approach the International Court of Justice for cases involving international contracts.
سؤال
The United Nations (UN)does not allow permanent membership of the Security Council to any member nation.
سؤال
The International Monetary Fund is an autonomous agency that is a part of the United Nations (UN).
سؤال
What is the World Bank? What is its function?
سؤال
The ________ is a body that hears cases that nations refer to it as well as cases involving treaties and the United Nations (U
N)Charter.

A)Security Council
B)General Assembly
C)International Court of Justice
D)International Monetary Fund
سؤال
A nation can seek redress on behalf of an individual or a business that has a claim against another country in the International Court of Justice.
سؤال
________ is a regional international organization that comprises many countries of Western and Eastern Europe and was created to promote peace and security as well as economic,social,and cultural development.

A)The European Economic Community
B)The Common Market
C)The North Atlantic Treaty Organization
D)The European Union
سؤال
The secretary-general of the United Nations (UN)is elected by the Security Council.
سؤال
The ________ is a staff of persons that administers the day-to-day operations of the United Nations (U
N).

A)Council of Ministers
B)Security Council
C)General Assembly
D)Secretariat
سؤال
The euro can only be used in countries that are part of the eurozone.
سؤال
The World Trade Organization (WT
O)appellate body hears appeals that are limited to issues of law, not fact.
سؤال
The World Trade Organization (WT
O)panel adopts a panel report and issues remedies if a violation is found.
سؤال
In case of a breach of trade agreements of the World Trade Organization (WT
O), which of the following WTO bodies first hears the dispute?

A)a WTO panel
B)a WTO Appellate Body
C)the WTO dispute settlement body
D)the WTO General Council
سؤال
The World Trade Organization (WT
O)was created as a successor to the General Agreement on Tariffs and Trade (GAT
T).
سؤال
The European Union Commission has negligible authority to enact legislations and take enforcement actions compared to the European Union (EU).
سؤال
The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)forbids its member nations to enter into treaties with countries in Central America that are not part of the DR-CAFTA.
سؤال
What are the implications of the North American Free Trade Agreement (NAFTA)treaty?
سؤال
What is the role of the WTO dispute settlement body?

A)to hear appeals on decisions made on a dispute
B)to create panel reports on the findings of the dispute
C)to hear the dispute from the plaintiff
D)to review panel reports and adopt them if necessary
سؤال
The United Nations is charged to take enforcement actions to ensure member compliance with the European Union.
سؤال
The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.
سؤال
The ________ has jurisdiction to enforce the most important and comprehensive trade agreements in the world among its 160 member nations and customs territories.

A)World Trade Organization
B)International Monetary Fund
C)North American Free Trade Agreement
D)General Agreement on Tariffs and Trade
سؤال
The North American Free Trade Agreement (NAFTA)is a bilateral treaty between the United States and Mexico.
سؤال
Under the European Union,customs duties have been eliminated among member nations.
سؤال
Ecuador,Algeria,and the United Arab Emirates are members of the ________.

A)North American Free Trade Agreement
B)Dominican Republic-Central America Free Trade Agreement
C)Association of Southeast Asian Nations
D)Organization of the Petroleum Exporting Countries
سؤال
The Association of Southeast Asian Nations (ASEAN)was created as a treaty among the oil-producing countries of Asia.
سؤال
The Organization of the Petroleum Exporting Countries (OPEC)sets quotas on the output of oil production by its individual member nations.
سؤال
The World Trade Organization (WT
O)dispute settlement body is the first body to hear a settlement dispute between member nations.
سؤال
The North American Free Trade Agreement (NAFTA)includes special protection for favored industries that have a lot of lobby muscle.
سؤال
Which of the following replaced the General Agreement on Tariffs and Trade (GAT
T)?

A)the World Bank
B)the World Trade Organization
C)the International Monetary Fund
D)the North American Free Trade Agreement
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ملء الشاشة (f)
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Deck 54: International and World Trade Law
1
The U.S.Constitution divides the power to regulate foreign affairs equally between the federal and state governments.
False
2
Explain the Treaty Clause of the U.S.Constitution.
A treaty is an agreement or a contract between two or more nations that is formally signed by an authorized representative and ratified by the supreme power of each nation.Article II,Section 2,Clause 2 of the U.S.Constitution-the Treaty Clause-states that the president "shall have power,by and with the advice and consent of the Senate,to make treaties,provided two-thirds of the senators present concur." Under the Treaty Clause,only the federal government can enter into treaties with foreign nations.Under the Supremacy Clause of the Constitution,treaties become part of the "law of the land," and conflicting state or local law is void.The president is the agent of the United States in dealing with foreign countries.
3
________ is a rule which states that judges of one country cannot question the validity of an act committed by another country within that other country's borders.

A)The doctrine of sovereign immunity
B)The act of state doctrine
C)The Colgate doctrine
D)The Noerr doctrine
B
4
Which of the following is codified in the Foreign Sovereign Immunities Act?

A)the act of state doctrine
B)the principle of restricted immunity
C)the Supremacy Clause
D)the choice of forum clause
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5
The European Union was created by a multilateral treaty.
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6
If a state enacts a law that increases its tax on imported automobiles but not on American-made automobiles,the tax violates the ________ of the U.S.Constitution.

A)Equal Protection Clause
B)Foreign Commerce Clause
C)Supremacy Clause
D)Due Process Clause
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7
Any state or local law that unduly burdens foreign commerce is considered to be in violation of the Foreign Commerce Clause.
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8
________ is a clause in an international contract that designates which nation's court has jurisdiction to hear a case arising out of the contract.

A)A forum-selection clause
B)The Treaty Clause
C)The Foreign Commerce Clause
D)A choice of law clause
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9
Which of the following pairs of constitutional provisions gives the federal government the authority to regulate foreign affairs?

A)the Due Process Clause and Double Jeopardy Clause
B)the Supremacy Clause and the Equal Protection Clause
C)the Free Exercise Clause and the Establishment Clause
D)the Foreign Commerce Clause and the Treaty Clause
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10
________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.

A)The Equal Protection Clause
B)The Supremacy Clause
C)A forum-selection clause
D)A choice of law clause
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11
Treaties sponsored by international organizations like the United Nations are known as ________.

A)arraignments
B)abjections
C)amendments
D)conventions
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12
Which of the following is an exception to the Foreign Sovereign Immunities Act?

A)the sham exception
B)the managed trade exception
C)the diversity of citizenship exception
D)the commercial activity exception
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13
The Treaty Clause of the U.S.Constitution designates the president of the United States as its agent to deal with foreign affairs.
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14
By default,a case involving an international dispute is prosecuted only in ________.

A)the International Court of Justice
B)a court in the defendant's country
C)a court in the plaintiff's country
D)the World Trade Organization dispute settlement body
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15
Which of the following statements is true of international law?

A)All legal matters of international importance are prosecuted by a single world court that is responsible for interpreting international law.
B)The enforcement of international law is regulated by a unitary world executive branch.
C)There is no single legislative source of international law.
D)All countries have to follow the international law enacted by other countries.
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16
Which of the following statements is true of the Treaty Clause?

A)It provides that the president can make treaties of his own accord, autonomously.
B)It provides that the president can enter into treaties with the approval of the two-thirds of the senate.
C)It provides that the states have exclusive power to regulate internal and foreign affairs.
D)It provides that the federal government has supremacy over the state in matters of international trade.
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17
Under the Treaty Clause,________ is seen as the agent of the United States in dealing with foreign countries.

A)the Secretariat
B)the president
C)the United Nations
D)the deputy secretary
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18
An agreement between two or more nations that is formally signed by an authorized representative of each nation and ratified by each nation is known as a(n)________.

A)statute
B)charter
C)treaty
D)arraignment
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19
Under the Treaty Clause,both the federal government and state governments can enter into treaties with foreign nations.
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20
Which of the following is a provision under the Foreign Sovereign Immunities Act?
A)It stipulates the rules for conflict resolution between the Dominican Republic-Central America Free Trade Agreement (DR-CAFT

A)members.
B)It endows the president with powers to enter into treaties with foreign nations.
C)It exclusively governs suits against foreign nations in the United States.
D)It regulates commerce between the United States and foreign nations.
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21
Which of the following is headed by the secretary-general of the United Nations (U
N)?

A)the International Court of Justice
B)the Secretariat
C)the Security Council
D)the General Assembly
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22
What does the act of state doctrine assert?
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23
The act of state doctrine allows the citizen of one country to bring a lawsuit in that country against a law prevalent in another.
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24
The ________ prescribes comprehensive and integrated rules of religious,political,and legal life that together form Jewish thought.

A)Shari'a
B)Torah
C)dharmasastra
D)riba
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25
The Foreign Sovereign Immunities Act (FSIA)strictly states that a foreign country is not immune to lawsuits in U.S.courts under any circumstances.
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26
Which of the following statements is true of the canons of Christian faith?

A)The Code of Canon Law produced in 1917 is followed by all sects of Christianity today.
B)The Code of Canon Law regulates the conduct of the Church but fails to govern the actions of individual Catholics.
C)The Orthodox churches treat their canons more as guidelines than as laws.
D)The canons remain silent on the legal measures guiding marriage or inheritance.
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27
The General Assembly of the United Nations (U
N)is ________.

A)a collection of autonomous agencies that deals with the socio-economic problems of the United States
B)the legislative body of the United Nations that is composed of all UN member nations
C)a group of 15 member nations that is primarily responsible for maintaining international peace and security
D)the staff of persons that administers the day-to-day operations of the UN
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28
Classical Hindu law rests heavily on civil codes adopted during the reigns of different kings.
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29
A choice of law clause is a mandatory clause that should be present in every international contract.
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30
Which of the following branches of the United Nations is primarily responsible for maintaining international peace and has authority to use armed force for this purpose?

A)the General Assembly
B)the Secretariat
C)the Security Council
D)the International Court of Justice
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31
The canons of Christian faiths provide rules for believers to follow in living their lives and professing their faith.
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32
The classical Hindu law was based on ________.

A)civil codes
B)court decisions
C)the works of private scholars
D)the canons called Torahs
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33
Rabbinic jurisprudence is administered by rabbi-judges sitting as the Beis Din.
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34
The Code of Canon Law of 1983 stipulates the code of conduct to be followed by all Christians around the world.
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35
The Islamic law (or Shari'a)encourages levying interest on loans.
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36
Throughout Christianity,divine and natural laws have been issued in the form of ________.

A)edicts
B)conventions
C)adjurations
D)canons
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37
The United States follows the principle of restricted immunity for suits against foreign nations.
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38
A forum-selection clause designates which nation's court has jurisdiction to hear a case arising out of a contract.
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39
Which of the following is true of the Islamic law of Shari'a?

A)The Shari'a disallows making a reasonable profit from the sale of goods and services.
B)All Islamic countries strictly follow the Shari'a to govern all aspects of life.
C)The Shari'a encourages riba through the strict payment and collection of interest on loans within stipulated periods of time.
D)The Shari'a is primarily used in the areas of marriage; divorce; inheritance; and, to a limited degree, criminal law.
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40
The ________ is an international organization created by a multilateral treaty in 1945 to promote social and economic cooperation among nations and to protect human rights.

A)United Nations
B)League of Nations
C)General Agreement on Tariffs and Trade
D)World Trade Organization
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41
Which of the following is true of the International Monetary Fund (IM
F)?

A)The IMF is a federal body that consists of representatives of all the states and federal experts of the United States.
B)The IMF is funded from the Superfund created by the Comprehensive Environmental Response, Compensation, and Liability Act.
C)The IMF is an autonomous agency of the United Nations which promotes sound monetary, fiscal, and macroeconomic policies worldwide.
D)The IMF is responsible for providing one-time grants to needy countries with no terms and conditions attached to the assistance.
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42
The United Nations (UN)Security Council is composed of all UN member nations.
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43
Which of the following statements is true of the European Union (E
U)?

A)All issues have to be passed unanimously by the EU members to be enforced.
B)Every country in the European Union has adopted the euro as its monetary unit.
C)Custom duties have been removed among member nations of the European Union.
D)Custom tariffs have been removed for trade between the EU and the rest of the world.
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44
The ________ is a treaty that has removed or reduced tariffs,duties,quotas,and other trade barriers among the United States,Canada,and Mexico.

A)Free Trade Area of the Americas Treaty
B)North American Free Trade Agreement
C)Central America Free Trade Agreement
D)General Agreement on Tariffs and Trade
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45
Which of the following statements is true of the North American Free Trade Agreement (NAFT
A)?

A)It allows a member country to reimpose tariffs if imports are hurting that country's economy or its workers.
B)It disallows any special protection being extended to specific industries.
C)It disallows NAFTA members from trading with other countries unless a unanimous vote is obtained.
D)It has been hailed by economists to be a perfect example of a free trade pact.
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46
The International Court of Justice is composed of 15 judges who serve nine-year terms.
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47
Which of the following is an example of an autonomous agency of the United Nations?

A)the North Atlantic Treaty Organization
B)the Security Council
C)the World Trade Organization
D)the International Monetary Fund
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48
Indonesia,Vietnam,Thailand,and the Philippines are members of the ________.

A)Organization of the Petroleum Exporting Countries
B)Association of Southeast Asian Nations
C)Dominican Republic-Central America Free Trade Agreement
D)North American Free Trade Agreement
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49
Which of the following statements is true of the International Court of Justice?

A)It is the executive branch of the United Nations (U
N)that helps interpret international law.
B)It only hears cases of nations, and not of individuals and businesses.
C)It does not have the authority to hear cases involving treaties and the UN Charter.
D)It is headed by the secretary-general of the United Nations.
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50
The World Bank is ________.

A)an autonomous agency under the aegis of the European Union
B)an agency that monitors the financial collaborations taking place in the eurozone
C)primarily responsible for promoting sound monetary, fiscal, and macroeconomic policies worldwide
D)primarily responsible for providing money to developing countries to fund projects for humanitarian purposes
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51
The United Nations (UN)Secretariat is headed by the secretary-general of the UN.
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52
Individuals and businesses can directly approach the International Court of Justice for cases involving international contracts.
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53
The United Nations (UN)does not allow permanent membership of the Security Council to any member nation.
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54
The International Monetary Fund is an autonomous agency that is a part of the United Nations (UN).
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55
What is the World Bank? What is its function?
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56
The ________ is a body that hears cases that nations refer to it as well as cases involving treaties and the United Nations (U
N)Charter.

A)Security Council
B)General Assembly
C)International Court of Justice
D)International Monetary Fund
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57
A nation can seek redress on behalf of an individual or a business that has a claim against another country in the International Court of Justice.
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58
________ is a regional international organization that comprises many countries of Western and Eastern Europe and was created to promote peace and security as well as economic,social,and cultural development.

A)The European Economic Community
B)The Common Market
C)The North Atlantic Treaty Organization
D)The European Union
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59
The secretary-general of the United Nations (UN)is elected by the Security Council.
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60
The ________ is a staff of persons that administers the day-to-day operations of the United Nations (U
N).

A)Council of Ministers
B)Security Council
C)General Assembly
D)Secretariat
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61
The euro can only be used in countries that are part of the eurozone.
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62
The World Trade Organization (WT
O)appellate body hears appeals that are limited to issues of law, not fact.
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63
The World Trade Organization (WT
O)panel adopts a panel report and issues remedies if a violation is found.
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64
In case of a breach of trade agreements of the World Trade Organization (WT
O), which of the following WTO bodies first hears the dispute?

A)a WTO panel
B)a WTO Appellate Body
C)the WTO dispute settlement body
D)the WTO General Council
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65
The World Trade Organization (WT
O)was created as a successor to the General Agreement on Tariffs and Trade (GAT
T).
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66
The European Union Commission has negligible authority to enact legislations and take enforcement actions compared to the European Union (EU).
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67
The Dominican Republic-Central America Free Trade Agreement (DR-CAFTA)forbids its member nations to enter into treaties with countries in Central America that are not part of the DR-CAFTA.
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68
What are the implications of the North American Free Trade Agreement (NAFTA)treaty?
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69
What is the role of the WTO dispute settlement body?

A)to hear appeals on decisions made on a dispute
B)to create panel reports on the findings of the dispute
C)to hear the dispute from the plaintiff
D)to review panel reports and adopt them if necessary
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70
The United Nations is charged to take enforcement actions to ensure member compliance with the European Union.
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71
The International Monetary Fund is an exclusive organization set up to primarily help the member nations of the Security Council.
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72
The ________ has jurisdiction to enforce the most important and comprehensive trade agreements in the world among its 160 member nations and customs territories.

A)World Trade Organization
B)International Monetary Fund
C)North American Free Trade Agreement
D)General Agreement on Tariffs and Trade
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73
The North American Free Trade Agreement (NAFTA)is a bilateral treaty between the United States and Mexico.
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74
Under the European Union,customs duties have been eliminated among member nations.
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75
Ecuador,Algeria,and the United Arab Emirates are members of the ________.

A)North American Free Trade Agreement
B)Dominican Republic-Central America Free Trade Agreement
C)Association of Southeast Asian Nations
D)Organization of the Petroleum Exporting Countries
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76
The Association of Southeast Asian Nations (ASEAN)was created as a treaty among the oil-producing countries of Asia.
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77
The Organization of the Petroleum Exporting Countries (OPEC)sets quotas on the output of oil production by its individual member nations.
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78
The World Trade Organization (WT
O)dispute settlement body is the first body to hear a settlement dispute between member nations.
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79
The North American Free Trade Agreement (NAFTA)includes special protection for favored industries that have a lot of lobby muscle.
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80
Which of the following replaced the General Agreement on Tariffs and Trade (GAT
T)?

A)the World Bank
B)the World Trade Organization
C)the International Monetary Fund
D)the North American Free Trade Agreement
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