- 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
Two countries have free trade with each other but they have different trade policies against other countries. This is an example of a ______.
A. free trade area
B. customs union
C. common market
Explanation: In a free trade area each country maintains its own policies against non-members.
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