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