Is an import tariff inefficient?

No, because, although it hurts consumers, its elimination would make either domestic producers or the government worse off.
87% (103 votes)
Yes, because the total surplus (consumer surplus + producer surplus + government revenue) is smaller than under free trade.
13% (16 votes)
Total votes: 119
Learning objectives: 
Identifying the winners and losers from trade protection.
Understanding the concept of Pareto efficiency.
Introduction to welfare economics and the concepts of consumer surplus, producer surplus and government revenue.
Understanding the concept of a deadweight loss.
Presentation videos: