Question 1

Under the Outer Space Treaty, the outer space activities of private entities require authorization and supervision by

Accepted Answer

The Outer Space Treaty requires that the activities of non-governmental entities in outer space, including private companies, must be authorized and continuously supervised by the appropriate State Party to the Treaty, which means a government.

Question 2

Star Flights Inc. launches exploratory and commercial space flights from its base in the United States. In the event that a Star Flights rocket booster falls to Earth in the Philippines, liability for injury or damage

Accepted Answer

In cases involving space activities, strict liability is often applied, meaning that the party responsible for the space object is liable for any damage caused by it, regardless of fault. This is in line with international space law principles, such as those outlined in the Outer Space Treaty and the Liability Convention.

Question 3

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 export trading companies to promote and facilitate U.S. exports.

Question 4

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 5

Wei Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is

Accepted Answer

Dumping refers to the practice of a company exporting a product at a price lower than the price it normally charges in its home market, or below its cost of production, which is considered "less than fair value."

Question 6

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,...

Question 7

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...

Question 8

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

Accepted Answer

The government of Japan setting a limit on the amount of rice that can be imported from the United States is an example of a quota. Quotas are restrictions on the quantity of a specific product that can be imported into a country.

Question 9

The U.S. National Aeronautics and Space Administration launches a commercial satellite that falls out of orbit and returns to earth outside U.S. territory. All nations are to assist in recovering the satellite under

Accepted Answer

The answer of The U.S. National Aeronautics and Space Administration...

Question 10

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

Accepted Answer

The Outer Space Treaty states that the launching state retains "jurisdiction and control" over any space object it launches, including any personnel aboard it. This means that the launching state has the right to regulate and enforce laws within the object, as well as the responsibility to ensure the safety of the personnel and to prevent any harmful interference with other space objects or states. The United Nations does not have supervisory or shared authority over the launching state or its space objects.

Question 11

The United States taxes each barrel of imported oil at a flat rate. This is

Accepted Answer

The tax on imported oil is a specific form of a tariff, which is a tax on goods imported from other countries. Quotas and antidumping duties are other forms of trade barriers, but they are not applicable to the taxation of imported oil.

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

Under the Outer Space Treaty, no single nation can claim sovereignty over a moon, planet, asteroid, or any other celestial body. It is considered the common heritage of all mankind and any exploration or use must be carried out for the benefit of all nations and not just one.

Quiz 43: International and Space Law