Question 1

NAFTA raises tariffs on non-North American products in order to stimulate trade between the U.S.,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 2

No other trade sector is as complex or as highly regulated as trade in textiles.

Accepted Answer

A) True 
 B)False

Question 3

NAFTA was built on the U.S.-Canada Free Trade Agreement.

Accepted Answer

A) True 
 B)False

Question 4

In 1994,the Extraordinary Challenge Committee found that the U.S.Department of Commerce was correct in implementing countervailing duties against Canadian lumber.

Accepted Answer

A) True 
 B)False

Question 5

Regarding the dispute over Canadian twine:

Accepted Answer

A)   The Canadian International Trade Tribunal found that the twine was causing material injury to the production of like goods in Canada.
B)   The binational panel affirmed the Canadian Tribunal's determination.
C)   The panel found that there was insufficient evidence to determine whether the U.S. twine was causing current injury to the Canadian market.
D)   The case was remanded to the tribunal.
E)   All of the above.

Question 6

In Samsonite v.United States,the court found that:

Accepted Answer

A)   Samsonite luggage was causing serious injury to the Canadian luggage market.
B)   Processing of the metal strips was a fabrication, and therefore not qualified for duty-free treatment.
C)   The processing of the metal strips was a mere assembly and therefore qualified for duty-free treatment.
D)   Samsonite luggage did not cause serious injury to the Mexican luggage industry.

Question 7

An example of a sectoral issue is:

Accepted Answer

A)   A dispute regarding the tariffs on a product.
B)   An issue concerning a particular area of the economy.
C)   An issue concerning the environmental effects of a product.
D)   A dispute regarding quotas.

Question 8

Presume that the Caribbean countries have been granted NAFTA membership.Design a plan for phasing them into membership.

Accepted Answer

Phasing the Caribbean countries into NAF...

Question 9

In Samsonite Corporation v.United States,it was found that the luggage handles were only assembled in Mexico and therefore not subject to duties.

Accepted Answer

A) True 
 B)False

Question 10

Compare and contrast the NAFTA dispute resolution procedures with those of U.S.courts and the EU.

Accepted Answer

The NAFTA dispute resolution procedures,...

Question 11

For most products undergoing a transformation in North America,the rule of origin is based on its tariff classification.

Accepted Answer

A) True 
 B)False

Question 12

Under NAFTA,a service provider still has to have an office or residence within the borders of a country in order to do business in that country.

Accepted Answer

A) True 
 B)False

Question 13

Write a memo advocating for the inclusion or exclusion of certain products or areas from NAFTA (or CBERA)treatment.

Accepted Answer

Memo

To: [Recipient's Name]
From: [Your...

Question 14

A free trade area is:

Accepted Answer

A)   Two countries that have a common external tariff.
B)   A geographic area between two countries where there are no tariffs.
C)   A group of two or more countries in which import duties and other trade barriers are reduced or eliminated.
D)   A geographic area between two countries where tariffs are reduced, but not necessarily eliminated.

Question 15

Which of the following statements is untrue regarding intellectual property rights as covered under NAFTA:

Accepted Answer

A)   NAFTA's provisions protect the intellectual property rights of North American firms.
B)   NAFTA requires that each country enforce its intellectual property rights to prevent smuggling of counterfeit items.
C)   Specific provisions prohibit the use of geographic regions (e.g. Kentucky bourbon)  unless the products are actually derived from that area.
D)   Copyrights will be protected equally in all three countries.
E)   All of the above statements are true.

Question 16

A criticism raised against NAFTA is that it serves to divide the world into regional trading blocks.

Accepted Answer

A) True 
 B)False

Question 17

In what ways is the Mexican Tariff Schedule similar and different from that of the U.S.?

Accepted Answer

The Mexican Tariff Schedule and the U.S....

Question 18

Production sharing is intended to create U.S.jobs by encouraging the use of U.S.-made components when assembly of a product takes place in a foreign country.

Accepted Answer

A) True 
 B)False

Question 19

The NAFTA Binational Panel found that the sale of U.S.twine in Canada at unfairly low prices caused past injury to Canadian twine producers.

Accepted Answer

A) True 
 B)False

Question 20

NAFTA:

Accepted Answer

A)   Lowers tariffs.
B)   Liberalizes trade in goods.
C)   Addresses many regional issues that are of concern to the three countries.
D)   Liberalizes trade in services.
E)   All of the above.

Exam 14: North American Free Trade Law

Write a memo advocating for the inclusion or exclusion of certain products or areas from NAFTA (or CBERA)treatment.

Correct AnswerAnswered by ExamLex AIMemoTo: [Recipient's Name]From: [Your...View AnswerShow Answer

In 1994,the Extraordinary Challenge Committee found that the U.S.Department of Commerce was correct in implementing countervailing duties against Canadian lumber.

Correct AnswerverifiedShow Answer

NAFTA:

Correct AnswerverifiedShow Answer

Compare and contrast the NAFTA dispute resolution procedures with those of U.S.courts and the EU.

Correct AnswerAnswered by ExamLex AIThe NAFTA dispute resolution procedures,...View AnswerShow Answer

Which of the following statements is untrue regarding intellectual property rights as covered under NAFTA:

Correct AnswerverifiedShow Answer

In Samsonite v.United States,the court found that:

Correct AnswerverifiedShow Answer

NAFTA raises tariffs on non-North American products in order to stimulate trade between the U.S.,Canada,and Mexico.

Correct AnswerverifiedShow Answer

For most products undergoing a transformation in North America,the rule of origin is based on its tariff classification.

Correct AnswerverifiedShow Answer

In what ways is the Mexican Tariff Schedule similar and different from that of the U.S.?

Correct AnswerAnswered by ExamLex AIThe Mexican Tariff Schedule and the U.S....View AnswerShow Answer

The NAFTA Binational Panel found that the sale of U.S.twine in Canada at unfairly low prices caused past injury to Canadian twine producers.

Correct AnswerverifiedShow Answer

A criticism raised against NAFTA is that it serves to divide the world into regional trading blocks.

Correct AnswerverifiedShow Answer

Regarding the dispute over Canadian twine:

Correct AnswerverifiedShow Answer

No other trade sector is as complex or as highly regulated as trade in textiles.

Correct AnswerverifiedShow Answer

Production sharing is intended to create U.S.jobs by encouraging the use of U.S.-made components when assembly of a product takes place in a foreign country.

Correct AnswerverifiedShow Answer

An example of a sectoral issue is:

Correct AnswerverifiedShow Answer

Under NAFTA,a service provider still has to have an office or residence within the borders of a country in order to do business in that country.

Correct AnswerverifiedShow Answer

In Samsonite Corporation v.United States,it was found that the luggage handles were only assembled in Mexico and therefore not subject to duties.

Correct AnswerverifiedShow Answer

NAFTA was built on the U.S.-Canada Free Trade Agreement.

Correct AnswerverifiedShow Answer

Presume that the Caribbean countries have been granted NAFTA membership.Design a plan for phasing them into membership.

Correct AnswerAnswered by ExamLex AIPhasing the Caribbean countries into NAF...View AnswerShow Answer

A free trade area is:

Correct AnswerverifiedShow Answer

Correct Answer
Answered by ExamLex AI
Memo

To: [Recipient's Name]
From: [Your...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The NAFTA dispute resolution procedures,...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The Mexican Tariff Schedule and the U.S....
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Phasing the Caribbean countries into NAF...
View Answer

Correct Answer
verified