A Ban on Imports, a Tariff, or a Quota Raise

question 51

Multiple Choice

A ban on imports, a tariff, or a quota raise the price to domestic consumers creates a deadweight loss. This loss is composed of

• A)production associated loss and inefficiency loss.
• B)productive consumption loss and protection loss.
• C)consumption distortion loss and production distortion loss.
• D)consumer misperception loss and taxation loss.

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Definitions:

Esteem Needs

The need for respect—both self-respect and respect from others.