Which of the following methods of import protection leads to the largest deadweight loss for the importing country?

Name: Which of the following methods of import protection leads to the largest deadweight loss for the importing country?
Brand: Quizplus
Rating: 4.7 (55 reviews)

Question

Quizplus · Accepted Answer

Quotas, unlike tariffs or duties which generate revenue for the government, limit the quantity of imports without generating revenue, leading to inefficiencies and a larger deadweight loss by creating shortages and potential for market distortions.

Which of the Following Methods of Import Protection Leads to the Largest