Question

Based on the ideas conveyed in text CB4A1, choose the correct option.

Accepted Answer

A) The origins of the issues in private international law can be traced back to at least the fourth century BC.

Answer

B) Private international law primarily deals with disputes that arise within a single country.

Answer

C) The British Law Commission’s project focuses on assets like crypto-tokens, electronic bills of lading, and electronic bills of exchange because they are not prevalent in the market practice.

Answer

D) The problems of private international law are a recent phenomenon. Text CB1A7 Whenever a global economic transformation takes place, a single city usually drives it forward. Ghent, in modern-day Belgium, was at the core of the burgeoning global wool trade in the 13th century. The first initial public offering took place in Amsterdam in 1602. London was the financial centre of the first wave of globalisation during the 19th century. Today the city is San Francisco. California’s commercial capital has no serious rival in generative artificial intelligence (AI), a breakthrough technology that has caused a bull market in American stocks and which, many economists hope, will power a global productivity surge. Almost all big AI start-up companies are based in the Bay Area, which comprises the city of San Francisco and Silicon Valley (largely based in Santa Clara county, to the south). OpenAI is there, of course; so are Anthropic, Databricks and Scale AI. Tech giants, including Meta and Microsoft, are also spending big on AI in San Francisco. According to Brookings Metro, a think tank, last year San Francisco accounted for close to a tenth of generative AI job postings in America, more than any other city of the country. New York, with four times as many residents, was second. Internet: <www.economist.com> (adapted).

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