International Business Law and Its Environment 8th Edition by Richard Schaffer

International Business Law and Its Environment 8th Edition by Richard Schaffer

ISBN-10:0538473614 ; ISBN-13:978-0538473613

CHAPTER 8—NATIONAL LAWMAKING POWERS AND THE REGULATION OF U.S. TRADE

TRUE/FALSE

1. All by way of historic previous, U.S. presidents have utilized govt agreements to conduct worldwide affairs although these agreements mustn’t significantly provided for throughout the Construction.

ANS: T PTS: 1

2. Beneath the Reciprocal Commerce Agreements Program, if the U.S. have been to lower an current tariff on an imported product from Nation A, Nation A needn’t lower the tariff on that exact same product imported from the U.S. nonetheless ought to lower tariffs on some product imported from the U.S.

ANS: F PTS: 1

3. The unconditional most favored nation protection gives {{that a}} lower tariff price negotiated with one nation robotically grants lower tariff expenses to like merchandise imported from all nations that stand in most favored nation standing with the U.S.

ANS: T PTS: 1

4. The Omnibus Act supplies the president explicit authority to aim and reduce limitations for American multinational companies working throughout the telecommunications commerce.

ANS: T PTS: 1

5. The Omnibus Act gives a fast-track course of for approving commerce agreements whereby the president can declare the settlement to be laws.

ANS: F PTS: 1

6. The Commerce Act of 1974 and Omnibus Act give the president broad powers to deal with a ramification of superior worldwide monetary points.

ANS: T PTS: 1

7. The Shopping for and promoting with the Enemy Act was handed for the wants of allowing the U.S. to advertise arms to nice nations.

ANS: F PTS: 1

8. International commerce laws is public worldwide laws that regulates commerce.

ANS: T PTS: 1

9. Commerce laws has been used throughout the U.S. to extra not solely U.S. monetary protection however as well as U.S. worldwide protection.

ANS: T PTS: 1

10. The precept purpose of U.S. commerce laws has been solely to discourage commerce with unfriendly nations.

ANS: F PTS: 1

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