Practice Quiz

FSOT: 500 Test Prep Study Questions - Question List

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71. The Cuban Liberty and Democratic Solidarity (Libertad) Act (Helms-Burton) provides for sanctions against foreign companies involved in what sorts of transactions in Cuba?
  1. Any commercial trade
  2. Trade involving food and medicine
  3. Any direct investment
  4. Investment in nationalized property
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72. The Foreign Corrupt Practices Act prohibits corrupt payments by
  1. U.S. companies overseas
  2. foreign lobbyists in the U.S.
  3. foreign companies operating in the U.S.
  4. U.S. companies operating in Western Hemisphere countries
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73. Trade Promotion Authority granted to the President by Congress gives the executive branch the authority to negotiate:
  1. free trade agreements provided that Congress approves individual provisions of each agreement
  2. a new trade round with World Trade Organization members provided that Congress approves the list of countries that benefit from U.S. concessions
  3. trade agreements provided that Congress approves each agreement as a whole
  4. agreements that promote U.S. exports, facilitate U.S. foreign investment, and protect U.S. intellectual property rights overseas
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74. Under the Generalized System of Preferences of the U.S., the U.S. establishes an exception to the Most Favored Nation principle of international trade law by giving special access to the U.S. market to:
  1. countries with which the U.S. has signed bilateral trade agreements
  2. developing countries for certain categories of products
  3. countries in the Western Hemisphere that respect human rights
  4. a list of countries that produce low-cost textiles and apparel
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75. From the point of view of international trade law, the Helms-Burton law for dealing with Cuba is legally questionable because it:
  1. calls for secondary boycotts
  2. ties trade sanctions to subjective evaluation of human rights
  3. targets only certain sectors of the Cuban economy
  4. requires Cuba to recognize international agreed-upon labor rights in order to remove the boycott
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