P a g e |1
DBIA EXAM 2|| ACTUAL DBIA EXAM WITH ALL
QUESTIONS AND 100% CORRECT ANSWERS
ALREADY GRADED A+|| LATEST AND COMPLETE
UPDATE 2024-2025 WITH EXPERT VERIFIED
SOLUTIONS|| ASSURED PASS!!!
It means importing goods from one country and exporting them to another country
after adding some value. - ANSWER> entrepot trade
Primarily, a nation imports goods and services for the following reasons: -
ANSWER> Price Quality Availability Demand
refers to the advantage a nation gets from producing products more efficiently with
the same input than other nations.
- ANSWER> Absolute Cost Advantage Theory
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
, P a g e |2
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Corn Laws was repealed at what year?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
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
, P a g e |3
GATT? - ANSWER> General agreement on tariffs and trade
is a treaty minimizing barriers to international trade by eliminating or reducing
quotas, tariffs, and subsidies. It was intended to boost economic recovery after
World War II. - ANSWER> GATT 1947
how many countries signed GATT? - ANSWER> 23
European Union.. The Treaty would create a common market for coal and steel
among its member states with freely set market prices, free movement of products,
and without customs duties or taxes, subsidies, or restrictive practices. -
ANSWER> European Coal & Steel Community (1951)
succeeded the GATT as the global supervisor of world trade liberalization,
following the Uruguay Round of trade negotiations. - ANSWER> WORLD
TRADE ORGANIZATION 1955
refers to the exchange of goods and services between countries. In simple words,
it means the export and import of goods and services. - ANSWER> International
Trade
means selling goods and services out of the country, - ANSWER> Export
means goods and services flowing into the country. - ANSWER> import
prices or demand and supply are affected by - ANSWER> global events
, P a g e |4
There are three types of international trade: - ANSWER> Export Trade, Import
Trade, Entrepot Trade.
is a combination of export and import trade and is also known as Re-export. -
ANSWER> entrepot trade
COST PLUS/GMP (DBIA 530) - ANSWER> - compensation based on actual cost
plus fee up to GMP
- owner had broad audit rights
- owner has ability to be more involved ins subcontractor procurement
- most contingencies are transparent
- savings needs to be addressed
- administratively more complex
GMP PROCESS ISSUES - ANSWER> - Timing of the GMP
- Assumptions (schedule)
- Contingency
- Savings
- Line item guarantees; not contemplated, general conditions could be capped
Progressive Design-Build (PDB) - ANSWER> - Design-builder retained by
Owner early in projects's life primarily, if not exclusively, on qualifications
- Final project cost and schedule commitment is not established as part of the
selection process
- Two phases of work: preliminary services, & final design and construction, once
the parties have agreed on price and other commercial terms
- GMP contract is often used
DBIA EXAM 2|| ACTUAL DBIA EXAM WITH ALL
QUESTIONS AND 100% CORRECT ANSWERS
ALREADY GRADED A+|| LATEST AND COMPLETE
UPDATE 2024-2025 WITH EXPERT VERIFIED
SOLUTIONS|| ASSURED PASS!!!
It means importing goods from one country and exporting them to another country
after adding some value. - ANSWER> entrepot trade
Primarily, a nation imports goods and services for the following reasons: -
ANSWER> Price Quality Availability Demand
refers to the advantage a nation gets from producing products more efficiently with
the same input than other nations.
- ANSWER> Absolute Cost Advantage Theory
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
, P a g e |2
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
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
, P a g e |3
GATT? - ANSWER> General agreement on tariffs and trade
is a treaty minimizing barriers to international trade by eliminating or reducing
quotas, tariffs, and subsidies. It was intended to boost economic recovery after
World War II. - ANSWER> GATT 1947
how many countries signed GATT? - ANSWER> 23
European Union.. The Treaty would create a common market for coal and steel
among its member states with freely set market prices, free movement of products,
and without customs duties or taxes, subsidies, or restrictive practices. -
ANSWER> European Coal & Steel Community (1951)
succeeded the GATT as the global supervisor of world trade liberalization,
following the Uruguay Round of trade negotiations. - ANSWER> WORLD
TRADE ORGANIZATION 1955
refers to the exchange of goods and services between countries. In simple words,
it means the export and import of goods and services. - ANSWER> International
Trade
means selling goods and services out of the country, - ANSWER> Export
means goods and services flowing into the country. - ANSWER> import
prices or demand and supply are affected by - ANSWER> global events
, P a g e |4
There are three types of international trade: - ANSWER> Export Trade, Import
Trade, Entrepot Trade.
is a combination of export and import trade and is also known as Re-export. -
ANSWER> entrepot trade
COST PLUS/GMP (DBIA 530) - ANSWER> - compensation based on actual cost
plus fee up to GMP
- owner had broad audit rights
- owner has ability to be more involved ins subcontractor procurement
- most contingencies are transparent
- savings needs to be addressed
- administratively more complex
GMP PROCESS ISSUES - ANSWER> - Timing of the GMP
- Assumptions (schedule)
- Contingency
- Savings
- Line item guarantees; not contemplated, general conditions could be capped
Progressive Design-Build (PDB) - ANSWER> - Design-builder retained by
Owner early in projects's life primarily, if not exclusively, on qualifications
- Final project cost and schedule commitment is not established as part of the
selection process
- Two phases of work: preliminary services, & final design and construction, once
the parties have agreed on price and other commercial terms
- GMP contract is often used
