Instructions:

1- Read the following statements and decide whether they are "True" or "False".

2- List all the True and False answers by providing the statement number(only) following the format below:

True:

False :

Statements:

(1) Only in communist countries do governments own the factors of production.

(2) When the U.S. military contracts out security details in war zones, it is engaged in privatization.

(3) Businesses favor unstable governments because they present more profit opportunities.

(4) The length of the investment in a foreign country has no impact on the risk assessment for that investment. What matters are the economic and political situations in the country.

(5) Sanctions are a trade restriction that is effective in forcing change.

(6) Concession dumping is a type of trade discrimination.

(7) Voluntary export restraints are imposed by the importing nation to avoid violating WTO rules.

(8) Policy continuity and government stability are more important to a business than the type of political .

(9) Discrimination against imports other than import duties are known as tariff.

(10) A government may move toward privatization when it suspects foreign-owned companies are concealing profits and not contributing to the host country.

(11) No worldwide court has the power to enforce its decrees.

(12) Incoterms are established by the UN Commission on International Trade.

(13) Intellectual property includes patents and trademarks, but not copyrights.

(14) There is one main organization that offers intellectual property (IP) protection, the UN.

(15) The EU does not apply its competition policy beyond the EU.

(16) Arbitration is a private solution that is recommended by the UN for international companies facing litigation in developing countries.

(17) Usually, to assume that foreign law will be similar to U.S. law is reasonable.

(18) Patent trolls are modern highway robbers who exploit loopholes in IP protection.

(19) The concept of strict liability, as found in the U.S. legal system, applies to harm done by the designer/manufacturer without the need to prove negligence.

(20) The main sources of international law are the UN International Court of Justice