The Welfare Loss from an Import Quota Is Greater Than

question 95

Multiple Choice

The welfare loss from an import quota is greater than that of an equivalent tariff because

• A) tariff revenues can be used to society's benefit.
• B) the loss in consumer surplus is not as large.
• C) domestic producers gain more from a quota than from a tariff.
• D) tariff revenues represent an additional deadweight loss.

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Definitions:

Pure Tone Hearing Test

An audiometric test to determine the faintest tones a person can hear at various frequencies, assessing hearing loss.

Tuning Fork Test

The Tuning Fork Test is a clinical test used to assess hearing and vibratory sensation, often used in diagnosing nerve injury or hearing loss.

Frequency Test

An analysis designed to determine the distribution of frequencies of different outcomes in a set of data.

Pure Tone Hearing Test

An audiological exam used to measure hearing sensitivity at various frequencies, helping diagnose the degree and type of hearing loss.