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

question 24

Multiple Choice

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

• A)dumping
• B)quota
• C)countervailing duty
• D)tariff
• E)import duty

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Definitions:

Base Level

The lowest point to which a stream or river can erode its channel, often sea level for rivers.

Reservoir

A large natural or artificial lake used for the storage and regulation of water, often for public water supply, hydroelectric power generation, or flood control.

Isostatic Rebound

The rise of land masses that were depressed by the huge weight of ice sheets during the last glacial period, through a process of readjustment.

Ice

Water frozen into a solid state, which can appear transparent or a more or less opaque bluish-white color, depending on the presence of impurities.