Asked by Nimah Siddiqui on May 12, 2024

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Frederic Bastiat's satire clearly illustrates that

A) French candlemakers would benefit from government restrictions on trade.
B) French consumers would benefit from a tariff on U.S. candles.
C) the arguments in favor of trade protectionism can sometimes be ridiculous.
D) the arguments in favor of protectionism are sometimes well-founded.

Frederic Bastiat

A 19th-century French economist and writer known for his advocacy of classical liberalism and his witty criticisms of protectionism.

Trade Protectionism

Government policies designed to restrict international trade to protect domestic industries from foreign competition.

Government Restrictions

Regulations implemented by the government that limit or guide the actions of individuals or companies, often in the interest of public safety or economic stability.

  • Elucidate the motivations behind countries' participation in global commerce.
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Megan HuynhMay 17, 2024
Final Answer :
C
Explanation :
Frederic Bastiat's satire, often referred to as the "Petition of the Candlemakers," is a humorous critique of protectionism. In it, candlemakers absurdly ask for protection against the sun to benefit their trade, illustrating how protectionist arguments can be illogical and counterproductive.