Question: Tariffs are distinguished from quotas in that ________. a. tariffs do not restrict the specifically quantity imported like quotas but instead tax the imports. b.
Tariffs are distinguished from quotas in that ________.
| a. | tariffs do not restrict the specifically quantity imported like quotas but instead tax the imports. | |
| b. | tariffs are taxes imposed on imports and quotas are restrictions placed on exports. | |
| c. | tariffs are taxes imposed on imports by another country and quotas are imposed by foreign countries on how much can exported to the U.S. |
Dealing with a customer or seller in another country ________.
| a. | A U.S. company is always required to deal with the law of the foreign country. | |
| b. | A U.S. company can always choose to be governed by U.S. law. | |
| c. | always raises issues over which country or countries law(s) will be applied and issues of jurisdiction to hear the case. |
A failed or failing state is best described as a country or region ________.
| a. | a government which has failed or is failing to govern with the consent and approval of its people. | |
| b. | little or no government asserting control or responsibility for its citizens and their actions. | |
| c. | an organization or government not recognized by the international community. |
Which of the following best describes different sources of international law?
| a. | treaties, decisions of state courts, U.N. resolutions | |
| b. | treaties/conventions, decisions of state law, and common law | |
| c. | U.S. Constitution, treaties/conventions, and common law |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
