CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

When regional integration results in the replacement of higher-cost domestic production by lower-cost imports from other members, ______ occurs.
A. trade creation
B. trade liberalization
C. trade diversion
Explanation: Consumers will buy more due to the price drop.

User Contributed Comments 0

You need to log in first to add your comment.