In the context of tariff barriers,deadweight = total inefficiency - net gain.

Name: In the context of tariff barriers,deadweight = total inefficiency - net gain.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Deadweight loss is the reduction in economic efficiency resulting from a market distortion, such as a tariff. It is calculated by subtracting the net gain (tariff revenue and producer surplus) from the total inefficiency (the combined loss in consumer and producer surplus).

In the Context of Tariff Barriers,deadweight = Total Inefficiency -