3/30/25, 9:27 DBIA Exam |
AM
DBIA EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED GRADED A++
Practice questions for this set
Learn 1/7 Study using Learn
Corn Laws was repealed at what year?
Select the correct definition
11835
21865
31846 41850
Don't know?
the doctrine of mercantilism dominated 16th century through the end of 18th century
at what century?
is an economic policy that is designed to Merchantilism
maximize the exports and minimize the
imports for an economy. It promotes
imperialism, colonialism, tariffs and
subsidies on traded goods to achieve that
goal.
1/
5
, 3/30/25, 9:27 DBIA Exam |
AM
Foreign ships were prohibited from British Navigation Act of 1651
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.
who wrote about both of whom stressed Adam Smith and David Ricardo
the desirability of imports and stated
that exports were just the necessary
cost of acquiring them.
greatly aided the British carry trade 1823 Reciprocity of Duties
and made permissible the reciprocal
removal of import duties under
bilateral trade
agreements with other nations.
were tariffs and other trade restrictions Corn Laws
on imported food and corn enforced in
the United Kingdom between 1815 and
1846.
Corn Laws was repealed at what year? 1846
The 1860 treaty ended tariffs on the main The Cobden-Chevalier Treaty of 1860
items of trade—wine, brandy and silk
goods from France, and coal, iron and
industrial goods from Britain.
a non-discriminatory policy that MFN- most favored nation
requires countries to treat all other
countries the same when it comes to
trade.
what does MFN stands for? Most favored nation
what year severe depression occur? 1873-1877
In 1879, Germany would revert to more "iron and rye" tariff
protectionist policies with its
The tariff raised the average duty The McKinley Tariff Act of 1890
on imports to almost fifty
percent, an
increase designed to protect domestic
industries and workers from foreign
competition.
IMF? international monetary fund
ITO? international Trade Organization
arose out of the 1944 Bretton Woods IMF, ITO
Agreement.
GATT? General agreement on tariffs and trade
is a treaty minimizing barriers to GATT 1947
international trade by eliminating or
reducing quotas, tariffs, and subsidies. It
was intended to boost economic
recovery after World War II.
how many countries signed GATT? 23
European Union.. The Treaty would European Coal & Steel Community (1951)
create a common market for coal and
steel
among its member states with freely set
market prices, free movement of
2/
5
AM
DBIA EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED GRADED A++
Practice questions for this set
Learn 1/7 Study using Learn
Corn Laws was repealed at what year?
Select the correct definition
11835
21865
31846 41850
Don't know?
the doctrine of mercantilism dominated 16th century through the end of 18th century
at what century?
is an economic policy that is designed to Merchantilism
maximize the exports and minimize the
imports for an economy. It promotes
imperialism, colonialism, tariffs and
subsidies on traded goods to achieve that
goal.
1/
5
, 3/30/25, 9:27 DBIA Exam |
AM
Foreign ships were prohibited from British Navigation Act of 1651
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.
who wrote about both of whom stressed Adam Smith and David Ricardo
the desirability of imports and stated
that exports were just the necessary
cost of acquiring them.
greatly aided the British carry trade 1823 Reciprocity of Duties
and made permissible the reciprocal
removal of import duties under
bilateral trade
agreements with other nations.
were tariffs and other trade restrictions Corn Laws
on imported food and corn enforced in
the United Kingdom between 1815 and
1846.
Corn Laws was repealed at what year? 1846
The 1860 treaty ended tariffs on the main The Cobden-Chevalier Treaty of 1860
items of trade—wine, brandy and silk
goods from France, and coal, iron and
industrial goods from Britain.
a non-discriminatory policy that MFN- most favored nation
requires countries to treat all other
countries the same when it comes to
trade.
what does MFN stands for? Most favored nation
what year severe depression occur? 1873-1877
In 1879, Germany would revert to more "iron and rye" tariff
protectionist policies with its
The tariff raised the average duty The McKinley Tariff Act of 1890
on imports to almost fifty
percent, an
increase designed to protect domestic
industries and workers from foreign
competition.
IMF? international monetary fund
ITO? international Trade Organization
arose out of the 1944 Bretton Woods IMF, ITO
Agreement.
GATT? General agreement on tariffs and trade
is a treaty minimizing barriers to GATT 1947
international trade by eliminating or
reducing quotas, tariffs, and subsidies. It
was intended to boost economic
recovery after World War II.
how many countries signed GATT? 23
European Union.. The Treaty would European Coal & Steel Community (1951)
create a common market for coal and
steel
among its member states with freely set
market prices, free movement of
2/
5
