- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 6. International Trade
- Subject 3. Trading Blocs, Common Markets, and Economic Unions
CFA Practice Question
Trade creation means ______
B. a customs union results in an increase in trade among members.
C. a positive net welfare effect in a regional trade area.
A. more free trade can create more jobs.
B. a customs union results in an increase in trade among members.
C. a positive net welfare effect in a regional trade area.
Correct Answer: B
User Contributed Comments 1
| User | Comment |
|---|---|
| EEEEvia | Why not C? |