1.2 Multiple choice questions

Now test your understanding of what this section has covered so far.

The following multiple choice questions should take approximately 10 minutes to complete.

Question 1

What is the subject matter of International Economic Law in the main?

  • (a) Economic relations between States

  • (b) Economic relations between traders of different States

  • (c) Economic relations between traders of different States and economic relations between different States

  • (d) Economic relations between different regional trade blocks

Answer

The subject matter of International Economic Law in the main is:

  • (a) Economic relations between States

Question 2

International Economic regulation can be concerned with two States only. It can also be concerned with many States. What are the terms to describe these two types of regulation?

  • (a) Bilateral and multilateral economic regulation

  • (b) Regional and global trade block

  • (c) Single and multiple economic regulation

  • (d) Unipolar and multipolar trade affairs

Answer

The correct terms to describe International Economic regulation between two States and between many States are:

  • (a) Bilateral and multilateral economic regulation

Question 3

International Economic Law is increasingly seen to be having a dual character. This character relates to:

  • (a) Traders and trade blocks

  • (b) Traders and States

  • (c) Traders and politicians

  • (d) Traders and banks

Answer

International Economic Law is increasingly seen to be having a dual character, relating to:

  • (b) Traders and States

Question 4

Depending on the level of force behind an International Economic Law instrument, an instrument as such can be:

  • (a) Hard or soft law

  • (b) Multilateral or bilateral agreement

  • (c) Politicised or non-politicised agreement

  • (d) Regional or global law

Answer

Depending on the level of force behind an International Economic Law instrument, an instrument as such can be:

  • (a) Hard or soft law

1. Nature of International Economic Law

2. The Bretton Woods Agreement