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 lead to the largest deadweight loss because they restrict the quantity of imports, causing higher prices and reduced consumer surplus without generating government revenue like tariffs do.

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