1) The term ex aequo et bono in an arbitration agreement means:

a) The arbitrator can decide what's equitable and good.

b) The arbitrator is restricted to deciding limits and benefits.

c) The arbitrator must be fair and impartial.

d) The arbitrator is to pick and choose the facts.

2) In a California lawsuit between a U.S. resident and a manufacturer based in Tawain, what might limit the jurisdiction of the California Court?

a)The Due Process Clause of the Fourteenth Amendment.

b)Sovereign immunity

c) The Hague Convention on taking evidence abroad

d)Comity

3)The forum for public international law disputes is:

a)The UN Security Council

b) International Court of Justice

c) The League of Nations

d) The Hague

4) A host country refers to the country under whose laws the investing corporation was created or is headquartered.

TRUE FALSE

5) Trade retaliation is mandatory if the U.S. trade representative determines a country permits forced labor.

TRUE FALSE

6) The most common devise for regulationg imports is the quota. TRUE FALSE

7) According to GATT, quotas are considered acceptable devices for regulating trade only where:

a) A nation is imposing a temporary safeguard to protect its balance of payments.

b) They are enacted into law by a nations legislative body.

c) Nations are engaged in trade war.

d) A nation has first petitioned the United Nations for permission to do so.

8) In some circumstances, the presentation of research by a US scientist at a convention in a foreign nation may require an export license. TRUE FALSE

9) One currents export control issue pertains to the level of control imposed on encryption software.

TRUE FALSE

10) Formulas, blueprints, and technical data are subject to controls when exported. TRUE FALSE

11) In the United States, the office that initially reviews and rules on license applications is the:

a) Bureau of Export Administration

b) Office of Export Trade Control

c) Export Administration Board

d) Export Policy Operations Committee

12) Section 8 of the Export Administration Act does not create a private right of actions in favor of victims in foreign boycotts. TRUE FALSE

13) NAFTA encourages that standards and technical regulations not be used as a nontariff barrier. T F

14) Regarding sectoral issues and NAFTA:

a) Mexico has long had an open automobile market, which has encouraged trade.

b)NAFTA contains specific rules of origin for determining when a textile product has originated in North America.

c)No other trade sector is as complex or highly regulated as agricultural trade.

d) NAFTA has no rules regarding government procurement.

15) Regarding NAFTA's investment provisions:

a) Domestically owned companies are given priority over foreign-owned firms.

b) Mexico has stricter environmental laws than the U.S.

c) Firms operation in any NAFTA country can convert foreign exchange at local banks.

d) Local firms owned by investors from other NAFTA countries must fill senior management positions with local citizens.

16) A country designated as a beneficiary developing country is granted trade preferences for goods entering the US market provided they meet all of the following conditions EXCEPT:

a) It is located in Asia.

b) It cooperates with the US in the enforcement of narcotics.

c) It has not unlawfully expropriated the property of US citizens.

d) It is not controlled by a communist government.

17) Judicial review of any protest of entry is heard in which of the following courts:

a) Federal Trade Court

b) Court of International Trade

c) Circuit Court of Customs Appeals

d) Any of the above

18) The signing of the European Economic Community Act officially formed the European Community.

TRUE or FALSE

19) The Commission has the power to draft both regulations and directives. T or F

20) One of the goals of the Single European Act (SEA) was to achieve economic intergration by 1992.

TRUE or FALSE