Question 1

A direct sale by an American firm to a customer abroad, with terms of payment commonly based on an irrevocable letter of credit, is an import sale.

Group of answer choices

A. True

B. False

Question 2

The use of agency arrangements allows a U.S. firm to avoid taxation on sales made in its agent's country.

Group of answer choices

A. True

B. False

Question 2

Franchising is a form of licensing that now is very common in international business.

Group of answer choices

A. True

B. False

Question 3

Three defenses are commonly raised to the extraterritorial application of U.S. antitrust laws. They are:

Group of answer choices

A. act-of-state, sovereign compliance, and sovereign immunity doctrines.

B. jurisdictional rule of reason, effects doctrine, and comity.

c. foreign legislation, sovereign compliance, and comity.

D. foreign antitrust laws, sovereign immunity doctrine, and International Monetary Fund applications.

Question 4

The Alexo Corporation has been charged in a United States court with violation of American antitrust laws in its foreign dealings. The firm has raised the defense that its actions were compelled by the government of its host country. Alexo based its defense on the__________ doctrine.

Group of answer choices

A. act-of-state

B. sovereign compliance

C. sovereign immunity

D. Treaty of Rome

Question 5

Under which of the following doctrines is it held that a foreign sovereign cannot be sued unless it engages in illegal commercial conduct?

Group of answer choices

A. act-of-state

B. sovereign compliance

C. Timberlane

D. sovereign immunity

Question 6

Which of the following is NOT a nontariff barrier?

Group of answer choices

A. government subsidies

B. import quotas

C. complex custom procedures

D. an import or export duty or tax placed on goods as they move in or out of a country

Question 7

In antidumping cases:

Group of answer choices

A. The International Trade Administration determines whether foreign goods are being sold in the United States at less than fair value (LTFV).

B.The International Trade Commission determines if there is an injury to a U.S. industry as a result of such sales.

C. Remedial action will be taken only if findings of both LTFV sales and injury are present.

D. All of these