Question 1

Compare and contrast the major rules on trade in textiles, automobiles, and agriculture.

Accepted Answer

The major rules on trade in textiles, au...

Question 2

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.E) B) and C)
F) A) and D)

Question 3

Compare and contrast the operations of and standards of review employed by a NAFTA and Binational panel.

Accepted Answer

NAFTA and Binational panels are both inv...

Question 4

NAFTA was built on the Mexico-Canada Free Trade Agreement.

Accepted Answer

A) True 
 B)False

Question 5

Create a regulation regarding reciprocity of professional licenses.

Accepted Answer

Regulation regarding reciprocity of prof...

Question 6

Appeals of a binational panel decision may be taken to:

Accepted Answer

A)   The World Trade Organization.
B)   the court of law in the country in which the dispute took place.
C)   The Extraordinary Challenge Committee.
D)   The NAFTA Fair Trade Commission.
E)   none of the above.F) A) and B)
G) A) and C)

Question 7

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 8

Write an outline describing a new, improved NAFTA dispute resolution process (you may wish to address only one aspect of the present process).

Accepted Answer

I. Introduction
A. Explanation of the...

Question 9

What are the arguments for and against granting reciprocity of professional licenses where domestic rules regarding the initial grant of those licenses differ (for example, the rules for becoming a doctor or lawyer and being admitted to the practice are different in each country)?

Accepted Answer

The argument for granting reciprocity of...

Question 10

How are the IPR provisions of NAFTA similar or dissimilar to those of TRIPS? Of the U.S.?

Accepted Answer

The IPR provisions of NAFTA and TRIPS ar...

Question 11

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.E) B) and C)
F) B) and D)

Question 12

NAFTA's national treatment principle states:

Accepted Answer

A)   all goods claiming to be from a country must be produced in that country.
B)   all products from a country must have the same amount of tariffs placed on them.
C)   all imports from a NAFTA country must be treated like similar domestically produced goods.
D)   all exports from a NAFTA country must meet certain quality standards.E) B) and C)
F) A) and B)

Question 13

NAFTA has had a modest positive effect on U.S. net exports, income, investment, and jobs.

Accepted Answer

A) True 
 B)False

Question 14

NAFTA sets environmental standards for all three countries that were met in 2004.

Accepted Answer

A) True 
 B)False

Question 15

NAFTA requires that each country enforce its Intellectual Property Rights laws, both internally and at the border.

Accepted Answer

A) True 
 B)False

Question 16

Canada and the United States are each other's largest trading partners.

Accepted Answer

A) True 
 B)False

Question 17

NAFTA's national treatment principle states that differing standards for North American products must be justified.

Accepted Answer

A) True 
 B)False

Question 18

NAFT A member s hav e raise d tariff s o n products that are not Nort h America n t o stimulat e trad e betwee n th e U.S., Canada , an d Mexico.

Accepted Answer

A) True 
 B)False

Question 19

Regarding trade in services under NAFTA:

Accepted Answer

A)   no NAFTA country can require a North American service provider to have a residence or office within its border.
B)   the most important impact of NAFTA's financial services provisions is that they open Mexican financial service industries to investment by Canada and the United States.
C)   NAFTA does not affect regulations applied to purely domestic truck or bus transportation.
D)   NAFTA eliminated all tariffs on telephones, cellular phones, and trade in communications equipment in 2004.
E)   all of the above are correct.F) B) and D)
G) A) and D)

Question 20

Which of the following statements is untrue regarding NAFTA and nontariff barriers?

Accepted Answer

A)   Most nontariff barriers were to be eliminated within five years under NAFTA.
B)   NAFTA prohibits new export taxes on goods under any circumstances.
C)   Special rules allow each country to impose import restrictions to protect human, animal or plant life, or the environment.
D)   Customer user fees were to be eliminated by 1999.E) B) and D)
F) C) and D)

Exam 14: North American Free Trade Law

Write an outline describing a new, improved NAFTA dispute resolution process (you may wish to address only one aspect of the present process).

Correct AnswerAnswered by ExamLex AII. Introduction A. Explanation of the...View AnswerShow Answer

NAFTA's national treatment principle states that differing standards for North American products must be justified.

Correct AnswerverifiedShow Answer

NAFTA's national treatment principle states:

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

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Compare and contrast the operations of and standards of review employed by a NAFTA and Binational panel.

Correct AnswerAnswered by ExamLex AINAFTA and Binational panels are both inv...View AnswerShow Answer

NAFTA sets environmental standards for all three countries that were met in 2004.

Correct AnswerverifiedShow Answer

Appeals of a binational panel decision may be taken to:

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

Correct AnswerverifiedShow Answer

Regarding trade in services under NAFTA:

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NAFTA requires that each country enforce its Intellectual Property Rights laws, both internally and at the border.

Correct AnswerverifiedShow Answer

NAFTA has had a modest positive effect on U.S. net exports, income, investment, and jobs.

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How are the IPR provisions of NAFTA similar or dissimilar to those of TRIPS? Of the U.S.?

Correct AnswerAnswered by ExamLex AIThe IPR provisions of NAFTA and TRIPS ar...View AnswerShow Answer

Canada and the United States are each other's largest trading partners.

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A free trade area is:

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Which of the following statements is untrue regarding NAFTA and nontariff barriers?

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What are the arguments for and against granting reciprocity of professional licenses where domestic rules regarding the initial grant of those licenses differ (for example, the rules for becoming a doctor or lawyer and being admitted to the practice are different in each country)?

Correct AnswerAnswered by ExamLex AIThe argument for granting reciprocity of...View AnswerShow Answer

Create a regulation regarding reciprocity of professional licenses.

Correct AnswerAnswered by ExamLex AIRegulation regarding reciprocity of prof...View AnswerShow Answer

NAFTA was built on the Mexico-Canada Free Trade Agreement.

Correct AnswerverifiedShow Answer

Compare and contrast the major rules on trade in textiles, automobiles, and agriculture.

Correct AnswerAnswered by ExamLex AIThe major rules on trade in textiles, au...View AnswerShow Answer

NAFT A member s hav e raise d tariff s o n products that are not Nort h America n t o stimulat e trad e betwee n th e U.S., Canada , an d Mexico.

Correct AnswerverifiedShow Answer

Correct Answer
Answered by ExamLex AI
I. Introduction
A. Explanation of the...
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Correct Answer
Answered by ExamLex AI
NAFTA and Binational panels are both inv...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The IPR provisions of NAFTA and TRIPS ar...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The argument for granting reciprocity of...
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Correct Answer
Answered by ExamLex AI
Regulation regarding reciprocity of prof...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The major rules on trade in textiles, au...
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Correct Answer
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