contestada

suppose that the united states is a large country. in fall 2009, the united states imposed tariffs on tires imported from china. the deadweight losses of these tariffs were larger than the terms-of-trade gains to the u.s. economy. who was better off and who was worse off as a result of these tariffs?

Respuesta :

tutorconsortium127

U.S. tire producers were more accepting of U.S. customers and Chinese tire producers were more threatened.

What is Deadweight losses?

  • The difference in production and consumption of any given product or service, including government tax, is referred to as deadweight loss in economics.
  • When the quantity produced relative to the amount consumed differs from the optimal concentration of surplus, the presence of deadweight loss is most commonly identified.
  • A deadweight loss is a societal cost caused by market inefficiency, which occurs when supply and demand are not in balance.
  • Deadweight loss, which is most commonly used in economics, can be applied to any deficiency caused by inefficient resource allocation.
  • A deadweight loss is an economic inefficiency caused by a supply-demand imbalance.

To learn more about deadweight losses, refer to:

https://brainly.com/question/26362939

#SPJ4

Otras preguntas