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We urgently need the self-examination questions and answers for "Introduction to International Economic Law" in July 2011!

National July 2011 Higher Education Self-study Examination Questions on Introduction to International Economic Law

1. Single-choice questions (this major question has 20 small questions, each question is worth 1 point, ***20 points) Only one of the four alternatives listed in each question meets the question requirements. Please fill in its code in the brackets after the question. There will be no points for incorrect selections, multiple selections or no selections.

1. The legal documents formulated by the International Chamber of Commerce do not include ( ) A. "United Nations Convention on Contracts for the International Sale of Goods" B. "Uniform Customs and Practice for Documentary Credits" C. "Incoterms" D. "Uniform Rules for Collection" 2 .The currently ongoing WTO multilateral trade negotiation round is ( ) A. Uruguay Round B. Doha Round C. Tokyo Round D. Kennedy Round 3. According to the United Nations Convention on Contracts for the International Sale of Goods, the remedies that the seller can take are ( ) A. Request delivery of substitutes B. Request damages C. Request repair of goods D. Request price reduction 4. According to "Incoterms 2000", the trade term applicable to all modes of transportation is ( ) A. FAS B.CFR C.DES D.FCA 5. Among the following statements about letters of credit, the correct one is ( ) A. The latest international practice for adjusting documentary letter of credit transactions is UCP500 B. The seller is the developer under the letter of credit transaction The applicant for the letter of credit C. The seller is the beneficiary under the letter of credit transaction D. The advising bank and the buyer are generally located in the same country 6. Regarding the legal relationship between the collection parties, one of the following statements is wrong ( ) A. The principal There is a principal-agent relationship with the remitting bank B. There is a principal-agent relationship between the remitting bank and the collecting bank C. The relationship between the principal and the payer depends on the basic contractual relationship between them D. The collecting bank There is a creditor-debt relationship with the payer 7. In the anti-dumping investigation procedure, the method of determining normal value does not include ( ) A. Domestic sales price of the exporting country in the normal course of trade B. Domestic sales price of the importing country in the normal course of trade C. Structural price D. The price of exports from the exporting country to a third country during the normal trade process 8. According to the General Agreement on Trade in Services, the general obligations are ( ) A. National treatment B. Market access C. Most-favored-nation treatment D. Additional Commitment 9. my country’s management method for free imported technology is ( ) A. License management B. Contract registration management C. Catalog management D. Operator management 10. Confidentiality clauses generally appear in international technology licensing contracts ( ) A. International patent license

B. International trademark license C. International copyright license D. Proprietary technology license 11. The United States is fully engaged in overseas investment insurance business ( ) A. Overseas Private Investment Corporation B. Ministry of International Trade and Industry Export Insurance Department C. Hermes Credit Guarantee Joint Stock Company D.PWC Review Joint Stock Company 12. The Bretton Woods system is based on gold reserves, uses the U.S. dollar as the main international currency, and implements a "double peg" system, which is reflected in ( ) A. The currencies of member countries are simultaneously with gold and the U.S. dollar. Pegging B. The U.S. dollar is pegged to gold, and the currencies of other member states are pegged to the U.S. dollar. C. The currencies of member states are pegged to gold and the Special Drawing Rights at the same time. D. The U.S. dollar is pegged to the Special Drawing Rights, and the currencies of other member states are pegged to the U.S. dollar. 13. The actual default event of the borrower in the international financing agreement is: ( ) A. Assets are expropriated or nationalized B. Collateral is damaged or devalued C. Borrower’s ownership or control changes D. Statements and warranties are inaccurate 14. Country of residence The part of the tax that residents have not actually paid due to the tax reduction or exemption in the country of origin shall be credited as if it has been paid. This is called ( ) A. Limited credit B. Full credit C. Tax sparing credits D. Tax exemption law 15. Countries that can apply to join the International Bank for Reconstruction and Development should be ( ) A. Member countries of the International Development Association B. Member countries of the International Finance Corporation C. Member countries of the International Monetary Fund D. Multilateral investment Guarantee Agency Member States 16. The agency that exercises the functions of the Ministerial Council during the recess of the Ministerial Council and performs the functions granted by the WTO Agreement is ( ) A. General Council B. Committee C. Council D. Secretariat 17. EU The main decision-making body is ( ) A. European Parliament B. European Executive Committee C. Council of the European Union D. European Court of Justice 18. The following are European currency loans ( ) A. Euro loans issued by the Bank of China B. China RMB loans issued by banks C. USD loans issued by U.S. banks D. Euro loans issued by banks in the Eurozone

19. Regarding the taxation of cross-border independent labor income, the internationally generally adopted method is ( ) A. Nationality principle B. Fixed base principle C. Residence principle D. Close contact principle 20. Regarding the recognition and enforcement of international commercial arbitration awards in foreign countries question, the most important international convention is the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, referred to as ( ) A. "Washington Convention" B. "Hague Convention" C. "New York Convention" D. "Hamburg Convention" 2. Multiple Multiple-choice questions (this major question has 10 sub-questions, each sub-question is worth 2 points, max. 20 points). At least two of the five alternatives listed in each sub-question meet the requirements of the question. Please add them. Fill in the code in the brackets after the question. There will be no points for wrong selection, multiple selections, few selections or no selections.

21. According to the "Incoterms 2000", the trade terms that the seller needs to apply for insurance are ( ) A.CIF B.CFR C.CPT D.CIP E.DDP 22. The following activities fall under the meaning of the General Agreement on Trade in Services The "overseas consumption" includes ( ) A. Traveling abroad B. Studying abroad C. Working abroad D. Performing abroad E. Going abroad for medical treatment 23. Regarding the enforcement of intellectual property rights, the main contents stipulated in the Agreement on Trade-Related Aspects of Intellectual Property Rights include ( ) A. Civil procedures and remedies B. Administrative procedures and remedies C. Border measures D. Temporary measures E. Request for constitutional protection 24. The principles of intellectual property protection established in the Agreement on Trade-Related Aspects of Intellectual Property Rights mainly include ( ) A. Principle of national treatment B. Principle of most-favored-nation treatment C. Principle of limiting abuse of intellectual property D. Principle of general elimination of quantitative restrictions E. Principle of gradual liberalization 25. The main political risks usually insured by investment insurance institutions in capital-exporting countries include ( ) A. Foreign exchange prohibition insurance B. Property expropriation insurance C. War and civil strife insurance D. Government default insurance E. Bankruptcy insurance 26. The control of foreign investment in developing countries is mainly reflected in ( ) A. Approval of foreign investment projects B. Entry of foreign investment C. Restrictions on the employment of employees by foreign investors D. Requirements for “localization” of foreign investment E. Supervision of the behavior of foreign-invested enterprises 27. According to the Agreement on Trade-Related Investment Measures, cancellation of the General Agreement on Tariffs and Trade Investment measures that are inconsistent with quantitative restrictions include ( ) A. Local content requirements B. Trade balance requirements C. Import foreign exchange restrictions D. Domestic sales requirements E. Trade protection 28. The different clauses of international financing agreements mainly include ( ) A.Representations and Warranties

B. Conditions precedent C. Tax terms D. Agreements E. Events of default 29. Members of the World Bank Group are ( ) A. International Bank for Reconstruction and Development B. International Finance Corporation C. International Development Association D. International Center for Settlement of Investment Disputes E .Multilateral Investment Guarantee Agency 30. Tax jurisdiction is the power of a country’s government to impose taxes, mainly manifested in ( ) A. Citizen tax jurisdiction B. Universal tax jurisdiction C. Resident tax jurisdiction D. Tax jurisdiction over the source of income Right E. Exclusive tax jurisdiction 3. Short-answer questions (this major question has 3 sub-questions, 5 points each, 15 points) 31. Briefly describe the basic conditions for taking countervailing measures. 32. Briefly describe the main contents of international cooperation to prevent international tax evasion and tax avoidance. 33. Briefly describe the main features of arbitration settlement method compared with mediation settlement method. 4. Essay questions (this major question consists of 2 sub-questions, each sub-question is worth 15 points, and the maximum is 30 points) 34. Describe the provisions of the United Nations Convention on Contracts for the International Sale of Goods regarding the preservation of goods between the buyer and the seller. 35. Describe the difference between a standby letter of credit and a commercial documentary letter of credit. 5. Case analysis questions (***1 sub-question of this major question, ***15 points) 36. Both countries A and B are members of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States. Company A from Country A invests and sets up a factory in Country B. Later, Company A and the government of Country B have a legal dispute over the investment. Country B and Company A reached a written agreement to submit the investment dispute between them to the International Center for Settlement of Investment Disputes for arbitration. Later, Country B repented and refused to go to the International Center for Settlement of Investment Disputes to resolve the dispute. Question: (1) Does the International Center for Settlement of Investment Disputes have jurisdiction over this case? Why? (2) Can the government of Country B unilaterally revoke the written agreement to resolve the dispute reached with Company A? Why? (3) Can Country A grant diplomatic protection to Company A, its own investor? Why?

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