Suppose the united states auctioned off all import quotas, the auctions were perfectly competitive, and the government received the revenues from the auction. in this case, the deadweight loss from a quota would be the deadweight loss from an equivalent tariff. equal to less than in the case of demand being elastic, greater than greater than

In this case, the deadweight loss from a quota would be equal to the deadweight loss from an equivalent tariff.

Explanation:

Deadweight is a term used in economics that refers to losses in some market sector resulting from the inefficiency of that sector. Some causes of deadweight are prices imposed by monopolies, presence of externalities, customs tariffs, subsidies, regulations, or factors that lead to inefficient resource allocations. In the case of government intervention using protectionist methods, the deadweight is also called by-product distortion. Suppose the United States reads all import quotas, the auctions are perfectly competitive, and the government receives the proceeds from the auction. In this case, the deadweight loss of a quota would be equal to the deadweight loss of an equivalent tariff.

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jefferson hoped to establish trade with the native american people of the west and find a water route to the pacific. jefferson also was fascinated by the prospect of what could be learned about the geography of the west, the lives and languages of the native americans, the plants and animals, the soil, the rocks, the weather, and how they differed from those in the east.