In which of the following countries is common law not used? a) United States b)
ID: 2702764 • Letter: I
Question
In which of the following countries is common law not used?
a) United States
b) France
c) United Kingdom
d) Canada, except Quebec
2 A trademark produces what two values?
a) Economic and political
b) Economic and social
c) Economic and public
d) Social and private
3 According to Adam Smith, when markets are competitive, the pursuit of market value
maximization results in which of the following?
a) Economic efficiency
b) No trade deficit
c) A level competitive field
d) High valuation on money
4 What are the two kinds of conditions that protection applies to?
a) Predatory trade practices and undue competition
b) Predatory trade practices and countries that have horrible human rights policies
c) Relative efficiency and unfair labor laws
d) Predatory practices and relative efficiency
5 Who bears the cost of protectionism?
a) Businesses
b) Consumers
c) Governments
d) National trade organizations
Explanation / Answer
1) b) France
2) c) Economic and public
3) a) Economic efficiency
4) a) Predatory trade practices and undue competition
5) c) Governments