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International Business Law Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Economic growth reflects an increase in that country's GDP. GDP stands for:

Question 2 2.

Generally, a foreign sovereign entity or its agent may be sued when:

1. The entity waives its immunity

2. The entity conducts commercial activities in or directly affecting the U.S.

3. The lawsuit involves property taken in violation of international law

Question 3 3. Regarding treaties, only ranks as higher law.

Question 4 4. Why is the World Trade Organization relevant to the global economic system?

Question 5 5. What kind of protection is offered by Foreign Sovereign Immunity?

Page 2

Question 6 6. Which of the following is NOT an example of a bilateral treaty?

Question 7 7. Using the _, factors like literacy rates and life expectancy generally imply a higher per capita income and therefore indicate economic development.

Question 8 8. When does a treaty become legally binding?

Question 9 9. If Utopia's GDP increased, Utopia experienced _.

Question 10 10. Which of the following is an example of exporting?

Page 3

Question 11 11. Which of the following is an example of importing?

Question 12 12. Edward's company makes and sells screen-printed t-shirts. His designs are popular with teenagers in Japan, so he regularly _ t-shirts to several clothing stores in Japan.

Question 13 13. While on official business in the U.S., the president of Mexico's motorcade caused an automobile accident, injuring Larry. Larry sues the Mexican government in a U.S. court. Larry alleges negligence and seeks to recover money damages. Will Larry be allowed to move forward with his lawsuit?

Question 14 14. Economic development is often measured using the:

Question 15 15. Which of the following is the United States' first step in making a treaty?

Page 4

Question 16 16.

Let's say Abby is an artist. She lives in California but is hired to create and install a mural in a French government office located in Paris. After she creates the mural, the French government cancels her contract. Abby wants to sue for her lost expenses.

This case involves:

Question 17 17. How does NAFTA differ from the UN?

Question 18 18. Why is the Customs Border Patrol relevant to a company that wants to export to the U.S.?

Question 19 19. Today, other nations aren't always immune from U.S. court jurisdiction. How is this immunity known?

Question 20 20. The Louisiana Purchase is a well-known . President Thomas Jefferson executed the agreement on behalf of the U.S. in 1803. The treaty secured the purchase of Louisiana from France.

Page 5

Question 21 21. A country's economic growth is best reflected by:

Question 22 22. A country's economic development is best reflected by:

Question 23 23. Which of the following situations is specifically listed in Article II of the U.S. Constitution?

Question 24 24. In the U.S., foreign sovereign immunity is governed by the _____

Question 25 25. Historically, international law principles dictated that nations were immune from the court jurisdiction of other nations. This type of immunity is known as _____.

Page 6

Question 26 26. U.S. foreign aid programs are geared toward:

Question 27 27.

True or false:

1. Our federal government has sovereign immunity.

2. Generally speaking, a sovereign entity can't be sued without that entity's consent.

3. The doctrine of sovereign immunity is historically rooted in French common law.

Question 28 28. Which of the following organizations governs U.S. exports?

Question 29 29. Historically, international law principles dictated that nations are immune from the court jurisdiction of other nations. This principle is known as:

Question 30 30. Generally speaking, all _ to the U.S. must first clear customs border patrol, or CBP. Allowable _ are subject to _.

International Business Law Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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