Related to the Economics in Practiceon page 669: Satirist ...

[javeds]

Question 1

Related to the 
Economics in Practice on page 669: If the candle makers in the petition were able to gain protection for their industry, the French economy would most likely

◦ benefit in the short run.
◦ become more efficient.
◦ benefit only if the protection was in the form of a tariff.
◦ have to pay higher prices for candles.

Question 2

Related to the 
Economics in Practice on page 669: Satirist Frederic Bastiat's essay arguing for a quota on sunlight in order to protect domestic candle makers suggests that it is pointless to

◦ participate in international trade.
◦ protect industries that cannot compete effectively.
◦ legislate based on economic theory.
◦ create barriers to trade in some markets but not others.

[JCABRERA33]

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[javeds]

Thanks for the timely response, appreciate it

[bitingbit]

Excellent