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DBIA EXAM 2 QUESTIONS WITH ANSWERS LATEST UPDATE 2024
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the doctrine of mercantilism dominated at what century? ️️16th century through the end of 18th century is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal. ️️Merchantilism Foreign ships were prohibited from taking part in coastal trade in England, and all imports from continental Europe were required to be carried by either British ships or ships that were registered in the country where the goods were produced. ️️British Navigation Act of 1651
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