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Because Some Business Services Have Intrinsic Value That Can Be

question 14

Multiple Choice

Because some business services have intrinsic value that can be embodied in some tangible form, they can be produced in one country and exported to another. Which of the following is an example of this?


Definitions:

Personal Jurisdiction

Refers to a court's authority over the parties involved in a legal case.

Specific Personal Jurisdiction

A doctrine permitting adjudication of a claim against a defendant only if the defendant purposely availed himself or herself of the protections of the forum and if the selected forum is reasonable.

WTO

The World Trade Organization, an international body that regulates and facilitates global trade agreements and disputes.

GATT

General Agreement on Tariffs and Trade, a multilateral treaty aimed at reducing trade barriers and promoting international trade.

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