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Cross 9e TBB Ch08

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Cross 9e TBB Ch08
Chapter 8

International Law in a
Global Economy

N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows.

N A question new to this edition of the Test Bank.
+ A question modified from the previous edition of the Test Bank.
= A question included in the previous edition of the Test Bank.

TRUE/FALSE QUESTIONS

1. The major difference between international law and national law is that government authorities can enforce national law.

ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Reflective AICPA: BB-Critical Thinking

2. An international custom can be defined as “evidence of a general practice accepted as law.”

answer: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

3. The International Court of Justice normally has authority to settle legal disputes only when nations voluntarily submit to its jurisdiction.

answer: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

4. International law requires nations to honor the actions of other nations.

answer: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

5. The principle of comity basically refers to legal reciprocity.

ANSWER: T PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

6. The act of state doctrine provides that the judicial branch of one country will examine the validity of public acts committed by a recognized foreign government within the latter’s own territory.

answer: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

7. The doctrine of sovereign immunity provides that only a head of state can make trea­ties with an­other nation.

ANSWER: F PAGES: Section 1 TYPE: N BUSPROG: Analytic AICPA: BB-Legal

8. Expropriation occurs when a government seizes a privately owned business or privately owned goods for a proper public purpose and awards just compensation.

ANSWER: T PAGES: Section 1 TYPE: + BUSPROG: Analytic AICPA: BB-Legal

9. The Foreign Sovereign Immunities Act broadly defines

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