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

question 59

True/False

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

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Definitions:

Prediscussion Polling

The practice of gauging opinions or attitudes of individuals before a discussion or meeting takes place.

Common Information Effect

The tendency for group members to focus on information that all members share, often at the expense of unique information held by individual members.

Discussion

A process in which individuals exchange ideas, opinions, or information through spoken or written communication.

Hidden Profile

A situation in group decision-making where the optimal solution is only apparent when non-shared information from all members is compiled.