Law 531 Week 6 Quiz

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LAW 531 WEEK 6 QUIZ
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LAW 531 WEEK 6 QUIZ
1: Which of the following is an international organization of 153 member nations created in 1995 to promote and enforce trade agreements among member countries and customs territories?
 International Monetary Fund
 North American Free Trade Commission
 General Agreement on Tariffs and Trade
 World Trade Organization
2: Which of the following is required under the Biosafety Protocol sponsored by the United Nations in the year 2000?
 Genetically altered foods must be shipped in separate containers from foods that are not genetically altered.
 All genetically altered foods must be clearly labeled as such.
 Nations are free to prohibit the import of genetically altered foods without violating free-trade agreements.
 Whenever genetically altered foods are offered for sale, comparable food that is not genetically altered must be made available at a comparable price.
3: ________ is a clause in an international contract that designates which nation's laws will be applied in deciding a dispute arising out of the contract.
 Choice of law clause
 Supremacy Clause
 Equal Protection Clause
 Forum-selection clause
4: Three of the largest automobile dealers agreed among themselves as to what price they would pay to manufacturers for windshields to put in new vehicles. Would this constitute illegal price fixing? If so, what kind?
 This is not illegal price fixing.
 This is buyers’ illegal per se price fixing.
 This is sellers’ illegal per se price fixing.
 This is both buyers’ and sellers’ illegal per se price fixing.
5: Which of the following products would be covered by the Consumer Product Safety Act?
 Aircraft
 Toys
 Automobiles
…...

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