Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
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.
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain motivations for and advantages of trading blocs, commonmarkets, and economic unions
CFA® 2025 Level I Curriculum, Volume 1, Module 6.