SA IBL TB8e Ch13

CHAPTER 13—THE REGULATION OF EXPORTS

TRUE/FALSE

1. In some circumstances, the presentation of research by a U.S. scientist at a convention in a foreign nation may require an export license.

ANS: T PTS: 1

2. The Department of Commerce possesses the power to restrict imports.

ANS: T PTS: 1

3. The current law that controls the export of goods from a U.S. manufacturer to a foreign buyer also controls the re-export of those goods beyond the boundaries of the country of the original foreign buyer.

ANS: T PTS: 1

4. Among the reasons for controlling exports are the protection of national security, the prevention of terrorism, the promotion of regional stability, and the preservation of scarce materials.

ANS: T PTS: 1

5. Formulas, blueprints, and technical data are subject to controls when exported.

ANS: T PTS: 1

6. "Diversion" is when goods are sold by a U.S. exporter to an importer in Country A, who in turn re-exports them to a buyer in Country B.

ANS: T PTS: 1

7. There is no global consensus on the level of export control necessary.

ANS: T PTS: 1

8. Diversion refers to the illegal placement of goods in the hands of an individual for whom an export license would not be granted because of the type of product, the product's end use, or the country involved.

ANS: T PTS: 1

9. Controls have been abolished on all commodities going to Russia.

ANS: F PTS: 1

10. EPCI controls were instituted to stem the flow of currency to the third world countries.

ANS: F PTS: 1

11. Companies in some countries cooperate with the boycott against Israel.

ANS: T PTS: 1

12. Items that are not classified on the Commerce Control List may be exported without an in individual export license.

ANS: T PTS: 1

13. The expired 1988 export control law was reenacted by Congress in 1994.

ANS: F PTS: 1

14. Export controls have been extended by the president through the issuance of executive orders pursuant to the IEEPA.

ANS: T PTS: 1

15. The U.S. export control system