Deck 26: International and World Trade Law

Question 1

Conventions are treaties that are sponsored by ________.

A) political parties
B) international organizations
C) national nonprofit organizations
D) grass-root movements

Answer 1

international organizations

Question 2

The International Court of Justice is the ________ branch of the United Nations.

A) executive
B) judicial
C) peace-keeping
D) legislative

Answer 2

judicial

Question 3

The Secretariat administers the ________ operations of the United Nations (UN).

A) peace-keeping
B) law enforcement
C) judicial
D) day-to-day

Answer 3

day-to-day

Question 4

The European Union's (EU's) ________ is composed of representatives from each member country who meet periodically to coordinate efforts to fulfill the objectives of the treaty.

A) Security Council
B) Council of Ministers
C) Executive Committee
D) Politburo

Question 5

The countries that have voted to use the euro comprise the ________.

A) eurozone
B) Common Market
C) Europa League
D) Eurovision

Question 6

The European Union treaty provides for the free flow of ________ among member nations.

A) military resources
B) water
C) tax funds
D) capital, labor, goods, and services

Question 7

In 2016, ________ voted to leave the EU.

A) the United Kingdom
B) Luxembourg
C) Turkey
D) Switzerland

Question 8

Member nations of the European Union ________.

A) have surrendered substantial sovereignty to the EU
B) retain all the sovereignty they had before joining the EU
C) surrender only limited sovereignty with regards to customs among member nations
D) surrender only limited sovereignty so that the EU can act uniformly with regards to tariffs with other nations

Question 9

Which of the following statements is true of the North American Free Trade Agreement (NAFTA)?

A) It allows a member country to reinstitute tariffs if an import surge from one of the other nations hurts its economy or workers.
B) It has significantly improved the environment in Mexico due to its strict pollution measures that are mandatory on all member nations.
C) It disallows a NAFTA member from trading with another country without the consent of the other member nations.
D) It has been hailed by economists as a perfect example of a free trade pact.

Question 10

The NAFTA is a treaty between ________ to create a free trade zone between the three countries.

A) the United States, France, and the United Kingdom
B) Russia, China, and Cuba
C) Honduras, Nicaragua, and Belize
D) the United States, Mexico, and Canada

Question 11

While NAFTA has eliminated or reduced most of the duties, tariffs, quotas, and other trade barriers among Mexico, the United States, and Canada, it also includes special protection for favored industries. As such, many economists assert that NAFTA is ________.

A) a free trade pact
B) a managed trade agreement
C) an open borders treaty
D) identical to the European Union treaty

Question 12

Founded in 1967, this regional association of Southeast Asian nations promotes cooperation on economic, political, and cultural issues.

A) Association of Southeast Asian Nations (ASEAN)
B) Southeast Asia Treaty Organization (SEATO)
C) Southeast Asian Tariff and Aid Cooperative (SEA-TAC)
D) Regional Economic Association of Southeast Asian Nations (REASEAN)

Question 13

The Association of Southeast Asian Nations (ASEAN) have agreed to the eventual goal of ________.

A) collective defense
B) eliminating tariffs and non-tariff barriers between association member nations
C) nuclear nonproliferation in the region
D) forming a single sovereign nation

Question 14

The association called "ASEAN Plus Three" brings together the ASEAN nations along with three economically powerful countries to discuss regional economic, social, and political issues of mutual interest. Which of the following is NOT one of these "Plus Three"Countries?

A) China
B) Japan
C) the United States
D) South Korea

Question 15

ASEAN has entered into free trade agreements with a number of non-ASEAN member nations, including ________.

A) India
B) Pakistan
C) New Zealand
D) Australia

Question 16

Decribe the manner in which China, Japan, India, South Korea, and the United States interact with the Association of Southeast Asian Nations (ASEAN).

Question 17

What do members of OPEC have in common? What is the mission of OPEC?

Question 18

Mercosur, the largest regional economic organization in South America, includes ________.

A) Guyana
B) Aruba
C) Curaçao
D) Paraguay

Question 19

Mercosur was formed to ________.

A) eliminate customs duties among its member nations and to provide for the free movement of goods, services, and factors of production between member nations
B) stem the flow of immigration between member nations
C) implement a non-aggression and mutual defense pact
D) set quotas on the output of oil production by member nations

Question 20

The Andean Community of Nations is a regional trading bloc in South America comprised of the countries of Bolivia, Columbia, Peru, and ________.

A) Chile
B) Paraguay
C) Ecuador
D) Uruguay

Question 21

What is Mercosur? How is it run? What is its purpose and how big is it?

Question 22

The ________, an organization comprised of all 55 countries located on the African continent, is primarily a political organization that seeks to establish an integrated, politically united, and prosperous African continent.

A) African Union (AU)
B) African Economic Community (AEC)
C) Common Market of Eastern and Southern Africa (COMESA)
D) Economic Community of Central African States (ECCAS)

Question 23

The ________ is a board composed of one representative from each WTO member nation that reviews panel reports.

A) WTO dispute settlement body
B) WTO security council
C) WTO assembly
D) WTO high commission

Question 24

Many ________ contain a choice of forum clause that designates which nation's court has jurisdiction to hear a case arising out of a dispute.

A) domestic franchise agreements
B) international contracts
C) non-proliferation treaties
D) pre-nuptial agreements

Question 25

The ________ exclusively governs suits against foreign nations that are brought in federal or state courts in the United States.

A) United Nations Charter
B) Kellogg-Briand Pact
C) Foreign Intelligence Surveillance Act (FISA)
D) Foreign Sovereign Immunities Act (FSIA)

Question 26

Jewish jurisprudence is administered by the ________, which is a Jewish court consisting of rabbi-judges.

A) Shul
B) Mitzvah
C) Beth Midrash
D) Beis Din