Customary International Law Is Different from Normal International Law in That

question 64

Multiple Choice

Customary international law is different from normal international law in that it:

• A)is more optional compared to other kinds of international law.
• B)is more about etiquette and proper diplomatic behavior.
• C)is often developed over time as acceptable practices evolve.
• D)deals with issues of culture,as opposed to economic or political issues.
• E)tends to be accepted only by developed nations.

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Definitions:

Imported Good

A product or service that is brought into one country from another to be sold.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.

Specific Tariff

A specific tariff is a fixed fee imposed by a government on each unit of imported or exported goods, rather than a percentage of their value.

Loss

A situation where expenses exceed revenues, resulting in negative financial performance.