Chapter 13,15

The _________________ serves as the EU’s executive body carrying out the decisions of the Council of Ministers. It also is the only body that can make legislative proposals for the European Parliament to consider.

Efforts to integrate the free flow of capital are best exemplified by two events. The first was the creation of the European Central Bank, located in Frankfurt, Germany and founded in 1998. The European Central Bank's mission is…

1. Promote price stability
2. To define and implement the monetary policy of the euro zone, conduct foreign exchange operations, issue notes, and promote the smooth operation of payment systems.
3. Define and implement the monetary policy of the each country in Europe, conduct foreign exchange operations, issue notes, and promote the smooth operation of payment systems. 4. Give money and loans to the countries if they need them, with a low interest rate.

Stark Industry is a company that produces innovative high technology weapons. The company sells these weapons to countries or individuals that pay the most for them, regardless of how they are going to use these weapons. The newborn of Stark Industry is a sniper rifle that is controlled by sunglasses: when you have a visual on a target you press a button on your sunglasses and the sniper rifle will fire and kill the target. Stark industry :

The Department of Commerce may prohibit or curtail the export of any goods or technology to any country in order to achieve what specified goals?
I. National security
II. Commerce control
III. Prevention of short supply
IV. Foreign policy
V. Proliferation

Emma, a French citizen, holds a valid French passport. She wants to go on vacation to the UK for 2 months. Can she do that without applying for a Visa?

Which all of the following are purposes of the EU:

A group of middle eastern countries including Saudia Arabia, Yemen, Oman, and the United Arab Emirates, would like to join together and integrate their economies through trade policies. They all agree on free trade of goods that are produced in other joining countries as well as any products that come through those countries. The countries decide on a common tariff for imports from outside of this area. This agreement would be an example of what type of group?

During the cold War, spying and Industrial espionage was a game of " Cat and Mouse". Which one is false ?

Tariff engineering is the process of modifying your product prior to importation for the purposes of obtaining a lower rate duty and the limits are...

North Pole Union is a group of countries that agreed that all the imports of agricultural products that enter their countries have a 10% import duty, all technological products have a 5% import duty, and that all the products travelling inside their countries are duty free.
This is an example of:

In an attempt to gain more territory and to establish itself as one of the global powers, Argentina decides to invade Brazil therefore violating its sovereignty. In order to protect American and Brazilian interests. The United States decides to use _________________________________ by freezing Argentina’s assets in U.S. banks and cease trade relations with Argentina.

In the early 1990’s, Argentina, Brazil, Paraguay, and Uruguay agreed to form a union because of the economic benefits of integration and accelerating their own integration efforts. The union they formed became known as;

Which of the following is not controlled or subject to licensing?

The purpose of the law was to isolate Cuba economically and politically:

Ireland has imposed tariffs on the import of vaccines from Switzerland in order to benefit their internal pharmaceutical industry. Are these tariffs legal? Why or Why not?

Workers traveling within the EU are to be free from nationality-based discrimination with respect to employment, pay, and all other conditions of work. Which four freedom represents this?

In the case B-West Imports, Inc. v. United States, President Clinton announced a ban on the imports of arms from China and revoked all import permits in effect. B-West imports, as well as nine other importers, wanted to challenge the actions of the government. Their two main arguments centered around the Arms Export Control Act (AECA) and it's authority to allow the president to enact an arms embargo as well as the violation of the power to revoke permits. What specifically did they cite violation of for the second claim?

Implementation of the NAFTA began on January 1, 1994. This agreement will remove most barriers to trade and investment among the United States, Canada, and Mexico. Under the NAFTA, all non-tariff barriers to agricultural trade between the United States and Mexico were eliminated. In addition, many tariffs were eliminated immediately, with others being phased out over periods of 5 to 15 years. This allowed for an orderly adjustment to free trade with Mexico, with full implementation beginning January 1, 2008.

Q: Italy (a European Union member state) wishes to trade with Spain (also European Union member state). Due to Italy's successful production of olives, it wishes to put a quantitative restriction on the imports of olives from Spain. Which statement about the above situation is true:

Which of the following activities does the European Council not have jurisdiction over?

Mr. Wilson, a Canadian citizen, trafficked in Mr. Miller’s Cuban property, which had been confiscated by Cuba in 1982. What sanctions can Mr. Wilson fear?

The Golf Cooperation Council (GCC) has established________.

Which of the following is in charge of monetary policy relating to the euro?

The Japanese have lately discovered new technology that has greatly increased the accuracy of their missiles to be used in war. Many other countries, especially the European Union, are very interested in acquiring this technology to contribute to their own defense of war. This new technology is so advanced it is very valuable and Japan needs to enact trade controls to protect it. Which reason of foreign policy will these trade controls most likely be enacted?

A company just hired a foreign national employee who was recently admitted for permanent residence in the U.S.
Do I need to apply for a deemed export license in order to transfer export-controlled technology to it?

In order to obtain lower rate of duty, the ___________ permits importers to design their products. At the same time there must be ________ , the goods have to be correctly described on the entry documents.

ABC Companies manufactures the same product for the entire European market, creating significant economies of scale ad streamlining regulatory compliance costs.
ABC companies can do that due to ___________________________________________.

Reasons why nations control exports is that certain critical goods or strategic raw materials may be in short supply. For example, during wartime, a country might limit exports of copper, brass, or steel because it may need these metals for making arms or ammunition. This represents...

Bob is a United States citizen that recently moved to Iceland. Bob used to work for the
U.S. government but resigned due to some legal issues. Bob was still being watched by the U.S. government and they discovered that he moved to Iceland to assist a terrorist organization accused of containing biological weapons. Bob and his terrorist organization will be pursued due to what legal response?

Many people from California go to Indonesia to enjoy the surf and vacation. This last summer, a tourist destination in Indonesia was attacked and a possible terrorist group took about 120 Americans hostage. The United States and Indonesia have had long lasting trade agreements, in which Indonesia benefits tremendously. What might be a good move for President Obama do in response to this situation and to ensure that the American citizens get back safely?

Mr. Sanchez is an employee of an exporting firm who willfully makes a false statement on an application for an export license involving a shipment to a foreign customer worth $1 million. What would his penalties for Export Violations be?

An inquiry into whether a license is required for an export or reexport can have ______ possible results, and which of the following is not one of them;

I. A license is required.
II. There is an exception to the license requirement.
III. The export or reexport is permitted and has NLR (no license required) status.
IV.The export or reexport is not permitted to the country of destination.
V. The export or reexport is not permitted to the end user.
VI. The export or reexport is permitted for any user.

The US was experiencing a war and had to supply its drafted troops with uniforms. The US also exports cotton, which is what the warring country uses for their uniforms. The warring country demanded the same amount of exported cotton from the US, but with this demand, the US would not have enough cotton to supply uniforms for their troops. Which term describes how the US would handle this situation?

Which of the following is NOT an event that reshaped the political environment for export controls after the end of the Cold War?

Zion, a medical supplies company, was trying to get around a certain United States manufacturing policy. Zion does a huge amount of its business in Europe, particularly France and Italy. Would it benefit Zion to enlist the help of the Commission?

The Andean Community of Nations (CAN), known until 1996 as the Andean Pact, includes Bolivia, Colombia, Ecuador, and Peru. It was founded in 1969 by what agreement?

The Maastricht treaty brought some changes, EXCEPT one :

MW Inc. is an American Company that manufactures arms. They ship to their Chinese subsidiary more than 5,000 weapons per month. Both companies have an outstanding record of export compliance. Could they use the Validate End User Program to simplify procedures and speed their regular shipments?

John, a US citizen, learnt that some of his emails were monitored without a warrant. Was this monitoring legal?

Lawrence works for Borderview International – Firearm Export Service. He has a large shipment of firearms that he wants to be delivered to Canada. The firearms in total are worth over $1 million dollars. To make the export happen, Lawrence lies on the application for the export license involving the shipment of the firearms. If caught, Lawrence would be penalized under what act?

China has become the world's fifth largest exporter of big guns, the report on international arms transfers, 2012 released today by the International Institute for Peace Research Institute (SIPRI). This is the first time that Britain is not among the top five exporters of weapons since at least 1950, the earliest year for which SIPRI handles data. The emergence of China to the detriment of UK is also the first change that occurs in the top five of the list in the past 20 years. China industry:

Germany, France and Spain are large volume traders of wheat. The three countries decide to form a certain type of union in which they can trade tariff free within their borders. They also stipulate that together, they must decide on a common tariff to charge other countries as opposed to independently setting their own tariffs. This type of union is most commonly known as:

Many people from California go to Indonesia to enjoy the surf and vacation. This last summer, a tourist destination in Indonesia was attacked and a possible terrorist group took about 120 Americans hostage. The United States and Indonesia have had long lasting trade agreements, in which Indonesia benefits tremendously. What might be a good move for President Obama do in response to this situation and to ensure that the American citizens get back safely?

South East Asian countries formed the _____________ in hopes of potentially leading to a customs union and allowing the free movement of goods.

Berta Camps is a Spanish lawyer living in Florence, Italy. She was hired by an Italian law firm to work with
them for a period of 1 year as an advisor of Spanish law. Two months after she started working, the firm received
a notice from the Italian Immigration Authority which ordered the immediate dismissal of Berta, since her Spanish
Law degree was not homologated in Italy. Which of the four fundamental freedoms does the Italian authority
breach in this case?

Which of the following is not an event that reshaped the political environment for export controls after the end of the Cold War?