When Overseas Exports,Inc

question 49

Multiple Choice

When Overseas Exports,Inc.,based in New York,does business internationally,the firm may be subject to international law.The sources of this law include

• A)the laws of individual nations only.
• B)treaties and international organizations only.
• C)the laws of individual nations,and treaties and international organizations.
• D)none of the choices.

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Definitions:

Economic Well-Being

Refers to the condition where individuals or societies have their basic needs met and are able to improve their standards of living, achieving a level of financial security and access to resources that allow for a comfortable life.

International Law

A body of rules and principles that governs the relations and interactions between nations.

Unrestricted Submarine Warfare

A type of naval warfare in which submarines attack merchant ships without warning, as practiced by Germany in both World Wars.

Allied Supply Shipments

The transportation and delivery of military and humanitarian supplies by the Allied nations to their forces and occupied territories during times of conflict, particularly noted in World Wars I and II.