age 1 of 113
DBIA CERTIFICATION EXAM STUDY GUIDE 2025/2026
ACCURATE QUESTIONS BANK AND VERIFIED
CORRECT SOLUTIONS || 100% GUARANTEED PASS
<BRAND NEW VERSION>
What are 3 solutions for Procurement Subjectivity?
......ANSWER........- Treat ALL proposers fairly.
- Have clear selection processes.
- Be transparent
the doctrine of mercantilism dominated at what century?
......ANSWER........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
,age 2 of 113
imperialism, colonialism, tariffs and subsidies on traded goods to
achieve that goal. ......ANSWER........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.
......ANSWER........British Navigation Act of 1651
who wrote about both of whom stressed the desirability of
imports and stated that exports were just the necessary cost of
acquiring them. ......ANSWER........Adam Smith and David Ricardo
greatly aided the British carry trade and made permissible the
reciprocal removal of import duties under bilateral trade
agreements with other nations. ......ANSWER........1823
Reciprocity of Duties
,age 3 of 113
were tariffs and other trade restrictions on imported food and
corn enforced in the United Kingdom between 1815 and 1846.
......ANSWER........Corn Laws
Corn Laws was repealed at what year? ......ANSWER........1846
The 1860 treaty ended tariffs on the main items of trade—wine,
brandy and silk goods from France, and coal, iron and industrial
goods from Britain. ......ANSWER........The Cobden-Chevalier
Treaty of 1860
a non-discriminatory policy that requires countries to treat all
other countries the same when it comes to trade.
......ANSWER........MFN- most favored nation
what does MFN stands for? ......ANSWER........Most favored
nation
, age 4 of 113
what year severe depression occur? ......ANSWER........1873-
1877
In 1879, Germany would revert to more protectionist policies
with its ......ANSWER........"iron and rye" tariff
The tariff raised the average duty on imports to almost fifty
percent, an increase designed to protect domestic industries and
workers from foreign competition. ......ANSWER........The McKinley
Tariff Act of 1890
IMF? ......ANSWER........international monetary fund
ITO? ......ANSWER........international Trade Organization
arose out of the 1944 Bretton Woods Agreement.
......ANSWER........IMF, ITO
GATT? ......ANSWER........General agreement on tariffs and trade
DBIA CERTIFICATION EXAM STUDY GUIDE 2025/2026
ACCURATE QUESTIONS BANK AND VERIFIED
CORRECT SOLUTIONS || 100% GUARANTEED PASS
<BRAND NEW VERSION>
What are 3 solutions for Procurement Subjectivity?
......ANSWER........- Treat ALL proposers fairly.
- Have clear selection processes.
- Be transparent
the doctrine of mercantilism dominated at what century?
......ANSWER........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
,age 2 of 113
imperialism, colonialism, tariffs and subsidies on traded goods to
achieve that goal. ......ANSWER........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.
......ANSWER........British Navigation Act of 1651
who wrote about both of whom stressed the desirability of
imports and stated that exports were just the necessary cost of
acquiring them. ......ANSWER........Adam Smith and David Ricardo
greatly aided the British carry trade and made permissible the
reciprocal removal of import duties under bilateral trade
agreements with other nations. ......ANSWER........1823
Reciprocity of Duties
,age 3 of 113
were tariffs and other trade restrictions on imported food and
corn enforced in the United Kingdom between 1815 and 1846.
......ANSWER........Corn Laws
Corn Laws was repealed at what year? ......ANSWER........1846
The 1860 treaty ended tariffs on the main items of trade—wine,
brandy and silk goods from France, and coal, iron and industrial
goods from Britain. ......ANSWER........The Cobden-Chevalier
Treaty of 1860
a non-discriminatory policy that requires countries to treat all
other countries the same when it comes to trade.
......ANSWER........MFN- most favored nation
what does MFN stands for? ......ANSWER........Most favored
nation
, age 4 of 113
what year severe depression occur? ......ANSWER........1873-
1877
In 1879, Germany would revert to more protectionist policies
with its ......ANSWER........"iron and rye" tariff
The tariff raised the average duty on imports to almost fifty
percent, an increase designed to protect domestic industries and
workers from foreign competition. ......ANSWER........The McKinley
Tariff Act of 1890
IMF? ......ANSWER........international monetary fund
ITO? ......ANSWER........international Trade Organization
arose out of the 1944 Bretton Woods Agreement.
......ANSWER........IMF, ITO
GATT? ......ANSWER........General agreement on tariffs and trade
