Frederic Bastiat's,"A Petition from the Candlemakers",presents a Satirical View of Protectionism

question 191

Multiple Choice

Frederic Bastiat's,"A Petition From the Candlemakers",presents a satirical view of protectionism because

• A)it pictures the sun as an unfair foreign competitor.
• B)it argues the government should ban all imports.
• C)it makes consumer preferences for foreign products the source of trade problems.
• D)it makes domestic workers the source of all trade problems.
• E)it makes a joke of budget deficits,the source of all trade problems.

---

Definitions:

Consolidated Financial Statements

Financial statements that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries.

Parent's Control

Parent's control refers to the influence or authority that a parent company holds over its subsidiaries, managing or directing their operations and strategic decisions.

Subsidiaries

Subsidiaries are companies that are controlled by another company, known as the parent company, through majority ownership of shares.