Deadweight loss Definition In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal. In other words, either people who would have more marginal benefit tha...
A tariff refers to the government-imposed tax by one country on the services and products imported from another nation. It is used as an import... Learn more about this topic: Tariffs, Import & Trade Quotas | Overview, Impact & Examples ...
Vessel design constraints: In addition to limiting capacity, the Seaway locks' dimensions constrain norms for vessel design — resulting in longer, more slender vessels for their deadweight tonnage (DWT) capacity. Also, the design option of lengthening the hull section to improve hydrodynamic drag ...