The authors of an International Monetary Fund working paper state that consumers lose more from a tariff

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The authors of an International Monetary Fund working paper state that “consumers lose more from a tariff than producers gain, so there is a ‘deadweight loss’.” Briefly explain what the authors mean by “deadweight loss.”

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Macroeconomics

ISBN: 9780135801741

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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