CFA Practice Question

There are 341 practice questions for this study session.

CFA Practice Question

Which of the following statements is false?
A. Economists generally oppose trade restrictions because they increase specialization.
B. Economists generally oppose trade restrictions because they reduce efficiency and specialization.
C. Economists generally oppose trade restrictions because they reduce competition.
Explanation: Trade restrictions reduce specialization because they reduce the level of imports, forcing a country to produce a wider variety of goods.

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User Comment
chuong Remember the question asking false statement: A is false (trade promote specialization at relative competitive advantage.
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