Multiple Choice
It is always the case that:
A) the deadweight loss will be lower with a quota system than a tariff system.
B) there will be a deadweight loss from imposing tariffs on imports, even though the government may have a need for the revenue from the tariffs.
C) free trade will lead to a deadweight loss.
D) the deadweight loss will be lower with a tariff system than a quota system.
Correct Answer:

Verified
Correct Answer:
Verified
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