DBIA EXAM NEWEST 2O24/2025
COMPLETE QUESTIONS AND CORRECT
VERIFIED ANSWERS| WELL GRADED
A+|| LATEST UPDATE
the doctrine of mercantilism dominated at what century? - CORRECT ANSWERS-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. - CORRECT ANSWERS-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. - CORRECT
ANSWERS-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. - CORRECT ANSWERS-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. - CORRECT
ANSWERS-1823 Reciprocity of Duties
were tariffs and other trade restrictions on imported food and corn enforced in the
United Kingdom between 1815 and 1846. - CORRECT ANSWERS-Corn Laws
Corn Laws was repealed at what year? - CORRECT ANSWERS-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. - CORRECT ANSWERS-
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. - CORRECT ANSWERS-MFN- most favored nation
what does MFN stands for? - CORRECT ANSWERS-Most favored nation
what year severe depression occur? - CORRECT ANSWERS-1873-1877
COMPLETE QUESTIONS AND CORRECT
VERIFIED ANSWERS| WELL GRADED
A+|| LATEST UPDATE
the doctrine of mercantilism dominated at what century? - CORRECT ANSWERS-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. - CORRECT ANSWERS-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. - CORRECT
ANSWERS-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. - CORRECT ANSWERS-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. - CORRECT
ANSWERS-1823 Reciprocity of Duties
were tariffs and other trade restrictions on imported food and corn enforced in the
United Kingdom between 1815 and 1846. - CORRECT ANSWERS-Corn Laws
Corn Laws was repealed at what year? - CORRECT ANSWERS-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. - CORRECT ANSWERS-
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. - CORRECT ANSWERS-MFN- most favored nation
what does MFN stands for? - CORRECT ANSWERS-Most favored nation
what year severe depression occur? - CORRECT ANSWERS-1873-1877
