CHAPTER 25: INTERNATIONAL LAW IN A GLOBAL ECONOMY International Law-Sources & Principles: 1. Describe each of the three sources of international law. 2. What is the principle of comity? 3. Why do courts deciding a dispute involving foreign laws or judicial decrees apply the principle of comity? 4. What is the act of state doctrine? 5. Compare confiscateon and expropriation. 6. What is the doctrine of sovereign immunity? 7. What are the three major exceptions to the jurisdictional immunity of a sovereign state under the Foreign Sovereign Immunityes Act (FSIA) Doing Business Internationally" 8. Compare direct exporting and indirect exporting. 9. Describe distribution agreements. 10. Describe the National Export Initiative of 2010. 11. Describe the two main ways a US firm can expand in foreign manufacturing of its goods. Regulation of Specific Business Activities: 12. Can the US tax exports? Why or why not? 13. How to import quotas work? 14. What is a tariff? 15 . What is "dumping"? Who is it controlled? 16. Describe each of the following attempts to minimize trade barriers: a. European Union (EU) b. NAFTA c. CAFTA-DR d. KORUS FTA 17. What is the Foreign Corruption Practices Act? Describe its purpose and how it works. You will need to review the info in Chapter 7 that discusses this act