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Question 1Which law does illicit trade violate?1 pointCriminal law onlyAll applicable lawsInternational trade law on

Question

Question 1

Which law does illicit trade violate?
1 point

  • Criminal law only
  • All applicable laws
  • International trade law on
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Solution

Break Down the Problem

  1. Identify the types of laws that might be violated by illicit trade.
  2. Determine which of these laws is most relevant to the question asked, particularly focusing on international contexts.

Relevant Concepts

  1. Criminal Law: This encompasses laws that prohibit certain actions deemed to be harmful or dangerous to society, such as trafficking.
  2. International Trade Law: Relates specifically to the regulations governing trade between countries, including agreements and treaties.
  3. Applicable Laws: This term implies a broader perspective that includes any local, national, or international laws that might be involved.

Analysis and Detail

  1. Illicit trade often operates outside the boundaries of legality, encountering both criminal laws (e.g., smuggling) and international trade laws (e.g., WTO regulations).
  2. Criminal law is violated when a person or entity engages in acts like drug trafficking or contraband sales.
  3. International trade law is violated when entities participate in trade practices that do not adhere to international agreements.

Verify and Summarize

Upon analyzing, it appears that illicit trade violates both criminal law and international trade law, depending on the context of the exchange. Given that the question mentions applicability, illicit trade potentially breaches all applicable laws.

Final Answer

Illicit trade violates all applicable laws.

This problem has been solved

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