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Multiple Choice Quiz
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1
__________ law is the study of the legal systems of different states.
A)Confiscatory
B)Canvassing
C)Contributory
D)Comparative
2
Which of the following is a tax levied on imported goods?
A)Import quotas
B)Embargoes
C)Tariffs
D)Non-tariff barriers
3
What is the mission of the World Trade Organization (WTO)?
A)To serve as an international "war-crimes" tribunal
B)To facilitate international cooperation in opening markets, and to provide a forum for future trade negotiations and the settlement of international trade disputes
C)To provide economic-development funds to lesser-developed countries (LDCs)
D)All of the above
4
__________ is the practice wherein an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter's home market.
A)Free trade
B)Geo-capitalism
C)Fair trade
D)Dumping
5
Which of the following is defined as "the exchange of tangible personal property between merchants in return for consideration?"
A)Commercial sale of services
B)Commercial sale of goods
C)Non-commercial sale of services
D)Non-commercial sale of goods
6
Which of the following laws requires employers to pay a minimum wage to employees?
A)The Occupational Safety and Health Act
B)The Equal Employment Opportunity Act
C)The Fair Labor Standards Act
D)The Equal Pay Act
7
The __________ Termination Protection Act of 2004 provides that, in the absence of detrimental behavior, employees of "works" with more than ten (10) employees can be terminated for operational reasons only if the termination is "socially justified." Social justification depends on the worker's age, years of service, disability, and number of dependents.
A)North American
B)United Nations
C)German
D)None of the above
8
Which of the following organizations operates specifically under the principle that "labor should not be regarded merely as a commodity or article of commerce?"
A)The World Health Organization (WHO)
B)The North Atlantic Treaty Organization (NATO)
C)The International Labor Organization (ILO)
D)None of the above
9
Which of the following provides the potential for international dispute settlement?
A)Litigation
B)The Pan-National Tribunal for Dispute Resolution (PNTDR)
C)Arbitration
D)Both litigation and arbitration
10
Which of the following is a contract clause wherein the parties to an international agreement choose the location (country) where disputes between them will be resolved?
A)Forum selection agreement
B)Choice-of-law clause
C)Non-binding arbitration clause
D)Mediation clause





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