CFA 2026 Level I Economics International Trade Free Quiz 1

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CFA 2026 Level I Economics International Trade Free Quiz 1

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CFA 2026 Level I Economics International Trade Free Quiz 1

Practice CFA 2026 Level I Economics MCQs from International Trade. Get instant results with Explanation.

General5 MCQs

1. What is international trade?

A. Exchange of goods, services, and capital across national borders.B. Exchange of goods and services within a country.C. Movement of capital between countries only.D. Movement of people between countries.

2. What is the ability to produce a good at a lower opportunity cost called?

A. Absolute advantageB. Comparative advantageC. Competitive advantageD. Strategic advantage

3. What is the ability to produce a good using fewer resources called?

A. Comparative advantageB. Competitive advantageC. Absolute advantageD. Strategic advantage

4. What are the gains from trade based on?

A. Losses from tradeB. No change in total outputC. Gains only for the country with absolute advantageD. Gains from specialization according to comparative advantage

5. What is a tariff?

A. A tax on imported goodsB. A limit on the quantity of importsC. A payment to domestic producersD. A ban on trade with a country

General5 MCQs

6. What is a quota?

A. A tax on imported goodsB. A limit on the quantity of importsC. A payment to domestic producersD. A ban on trade with a country

7. What is a subsidy?

A. A tax on imported goodsB. A limit on the quantity of importsC. A payment to domestic producersD. A ban on trade with a country

8. What is an embargo?

A. A tax on imported goodsB. A limit on the quantity of importsC. A payment to domestic producersD. A ban on trade with a country

9. What is a free trade area?

A. Free trade areaB. Customs unionC. Common marketD. Economic union

10. What is a customs union?

A. Free trade areaB. Customs unionC. Common marketD. Economic union

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

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