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International Business Law Study Set 1
Quiz 15: The European Union and Other Regional Trade Areas
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Question 1
True/False
Similar to the United States Supreme Court,decisions of the European Court of Justice are issued with the dissenting opinions of the minority ruling judges.
Question 2
True/False
The signing of the European Economic Community Act officially formed the European Community.
Question 3
True/False
National courts are obligated to follow EU law and decisions.
Question 4
True/False
One of the goals of the Single European Act (SEA)was to achieve economic integration by 1992.
Question 5
True/False
The Commission of the European Union consists of twenty members.
Question 6
True/False
The trend for regional economic integration is apparent worldwide.
Question 7
True/False
Members of the Parliament are appointed for five-year terms.
Question 8
True/False
The EU functions to eliminate barriers to trade by making mergers and acquisitions more difficult.
Question 9
True/False
The formation of the European Economic Community created a uniform external tariff for non-members that complied with the objectives of GATT.
Question 10
True/False
The European Court of Justice consists of 15 justices appointed by the Council.
Question 11
True/False
The principles of the Treaty of Rome were based on the creation of a customs union that would remove internal tariffs for members.
Question 12
True/False
The Commission of the European Communities v.Italian Republic involved the importation of vegetable fats labeled as "chocolate substitutes."
Question 13
True/False
Because no dissenting opinions are issued,no ruling is made by the Court of Justice until all judges are in agreement.
Question 14
True/False
The Court of Justice consists of 13 justices,each appointed by the assembly for a term of six years.
Question 15
True/False
The European General Court was established to reduce the workload of the Court of Justice and it has jurisdiction over appeals on the Commission's decisions on mergers and acquisitions.
Question 16
True/False
Each member of the Commission serves a four year term.
Question 17
True/False
The Commission has the power to draft both regulations and directives.
Question 18
True/False
Similar to courtroom practices in the U.S.,the legal proceedings in the European Court of Justice allow for the calling of witnesses,the production of documents,the hiring of experts,and cross-examination.