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?
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Question

Quizplus · Accepted Answer

Quotas typically lead to the largest deadweight loss because they restrict the quantity of imports, leading to higher prices and reduced consumer surplus without generating government revenue, unlike tariffs.

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