Question 1

Blue Space Corporation launches exploratory space flights to the moon and Mars.The purpose is to discover and retrieve minerals and other resources.Under U.S.Law,Blue Space

Accepted Answer

According to the Outer Space Treaty of 1967, no country or government can claim ownership of celestial bodies, but it does not explicitly prohibit private companies from owning materials obtained from those bodies. Therefore, Blue Space Corporation would own the resources it retrieves in space.

Question 2

Star Flights Inc.launches exploratory and commercial space flights from its base in the United States.In the event of a collision with other space objects,under the Outer Space Treaty,liability for injury or damage

Accepted Answer

The answer of Star Flights Inc.launches exploratory and commercial space...

Question 3

Suisse Internationale,a Swiss maker of athletic equipment,enters into a price fixing agreement with Total World Sports,a U.S.wholesaler of Suisse's products.U.S.courts will apply U.S.antitrust laws if

Accepted Answer

U.S. courts will apply U.S. antitrust laws if the price fixing has a substantial effect on U.S. commerce. This is known as the "effects doctrine." The location of the agreement or the involvement of the Swiss government is not relevant in this case.

Question 4

Under the Export Trading Company Act,U.S.banks are

Accepted Answer

Under the Export Trading Company Act, U.S. banks are encouraged to invest in or provide financial services to export trading companies to help promote exports and expand international trade. Therefore, option A is the correct answer.

Question 5

The Outer Space Treaty provides that a nation retains jurisdiction over objects on its space registry that are launched into space.The treaty also prohibits interference with space activities.In effect,these provisions

Accepted Answer

The answer of The Outer Space Treaty provides that a...

Question 6

Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of Global Mining Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can

Accepted Answer

The Alien Tort Claims Act allows foreign citizens to bring civil suits in U.S. federal courts for violations of international law, including human rights violations and environmental harm committed overseas. This would be the most appropriate option for Nakeya and other foreign citizens to seek redress for the environmental destruction committed by the government of Cameroon on behalf of Global Mining Company. The Sherman Act pertains to antitrust violations, and Title VII of the Civil Rights Act pertains to workplace discrimination, neither of which would be applicable to this situation. Doing nothing would not provide any resolution for the harms suffered.

Question 7

The government of Japan sets a limit on the amount of rice that can be imported from the United States.This is

Accepted Answer

A quota is a limit on the quantity of a product that can be imported/exported in a given period, often used to protect domestic producers from foreign competition. In this case, the government of Japan has set a limit on the amount of rice that can be imported from the United States, which is a quota.

Question 8

Trade barriers are

Accepted Answer

Trade barriers are restrictions on imports that a country puts in place to protect their domestic industries or to address trade imbalances. Examples of trade barriers include tariffs, quotas, and embargoes. It is not related to lack of incentives or subsidies to stimulate exports or imports, which are considered as trade facilitators. Therefore, option A is the best choice.

Question 9

The management of Sport Shoes Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm.What are the advantages and disadvantages of each of these courses of action?

Accepted Answer

The answer of The management of Sport Shoes Corporation,a U.S.firm,wants...

Question 10

Under the Outer Space Treaty,with respect to a space object and the personnel aboard it,the launching state

Accepted Answer

According to the Outer Space Treaty, the launching state retains complete jurisdiction and control over the space object and the personnel aboard it. The United Nations does not have supervisory authority or shared dominion and responsibility over the object. Political autonomy is also not granted to those aboard the object.

Question 11

Global Industries Corporation owns assets in Kazakhstan,a country in Asia.The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors.What can Global Industries do? Can it at least obtain payment for the assets?

Accepted Answer

The answer of Global Industries Corporation owns assets in Kazakhstan,a...

Question 12

Under the Outer Space Treaty,a moon,a planet,an asteroid,or any other celestial body is subject to the appropriation of

Accepted Answer

According to the Outer Space Treaty, no single nation can claim ownership over a moon, planet, asteroid, or any other celestial body. This is known as the principle of non-appropriation.

Quiz 7: International and Space Law