Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 3 of 6
When lower-cost imports from non-member countries are replaced with higher-cost imports from members, ______ occurs.
B. a trade deficit
C. trade diversion
A. trade creation
B. a trade deficit
C. trade diversion
User Contributed Comments 0
You need to log in first to add your comment.
Your review questions and global ranking system were so helpful.
Lina
Learning Outcome Statements
explain motivations for and advantages of trading blocs, commonmarkets, and economic unions
CFA® 2024 Level I Curriculum, Volume 1, Module 6.