Has free internal trade and a common external tariff

Free CFA Economics Practice Questions & Answers

2,050 exam-style Economics questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

100% free · No login to start

Question 1981

A small country in trade theory is defined as one that:

Select an option first.

Question 1982

When a small country imposes a tariff, domestic price:

Select an option first.

Question 1983

Tariffs reduce imports because:

Select an option first.

Question 1984

Consumer surplus falls under a tariff because:

Select an option first.

Question 1985

Producer surplus rises under a tariff because:

Select an option first.

Get the full CFA question bank — free

Drop your email and we'll send you fresh CFA practice questions, fully worked solutions and exam-deadline reminders. No spam — unsubscribe in one click.

Want to save your score and take a full mock exam? Create a free account →

Question 1986

Government tariff revenue equals:

Select an option first.

Question 1987

Deadweight loss from tariffs arises because:

Select an option first.

Question 1988

In a large country, a tariff may improve welfare if:

Select an option first.

Question 1989

Export subsidies cause domestic prices to:

Select an option first.

Question 1990

Export subsidies reduce national welfare because:

Select an option first.

Question 1991

Countervailing duties are imposed to:

Select an option first.

Question 1992

A free trade area (FTA):

Select an option first.

Question 1993

A customs union:

Select an option first.

Question 1994

A common market adds to a customs union by allowing:

Select an option first.

Question 1995

An economic union requires:

Select an option first.

Question 1996

A monetary union occurs when:

Select an option first.

Question 1997

The eurozone is an example of:

Select an option first.

Question 1998

Trade restrictions are often justified by:

Select an option first.

Question 1999

Tariffs may be used to:

Select an option first.

Question 2000

Quotas differ from tariffs because:

Select an option first.

Question 2001

VERs typically benefit:

Select an option first.

Question 2002

Export subsidies in large countries cause:

Select an option first.

Question 2003

Deadweight loss from tariffs includes:

Select an option first.

Question 2004

A country may gain from a tariff only if:

Select an option first.

Question 2005

Export subsidies reduce welfare because:

Select an option first.

Question 2006

Trading blocs increase integration by:

Select an option first.

Question 2007

A free trade area differs from a customs union because:

Select an option first.

Question 2008

A common market allows:

Select an option first.

Question 2009

The FX market is considered the world’s largest financial market because:

Select an option first.

Question 2010

The FX market operates 24 hours a day because:

Select an option first.

Before you go, can we ask you one thing?

Thank you

Free CFA Economics Practice Questions & Answers

Privacy Preference

Before you go, can we ask you one thing?

Thank you