The Candlemakers' Petition Was a Satire of Protectionism Written and Published

question 24

Multiple Choice

The Candlemakers' petition was a satire of protectionism written and published in 1845.In the petition,candlemakers advocated that all businesses should shut their blinds and curtains and block all sunlight from entering their buildings.Although satirical,which of the following would be expected to take place if this policy were implemented?

• A)The net effect on employment would be negative since the demand for candles would decrease the number of jobs associated with the candlemaking industry.
• B)Since consumers would have to spend a larger proportion of their income on candles than before,the net effect of this policy would be to reduce spending on other domestic goods.
• C)Domestic citizens would be better off because it would increase consumer surplus.
• D)Although sunlight is a free alternative to candlelight during the daytime,a policy to block sunlight would productively allocate resources to domestic industries.

Understand the role and growth of employee relations in organizations.

Recognize how internal communications contribute to organizational culture and employee morale.

Identify strategies to enhance corporate culture during organizational changes, such as mergers and acquisitions.

Understand the principles of effective internal communications for maintaining strong organizational culture.

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Definitions:

Total Costs

The aggregate amount of all costs, both fixed and variable, incurred in producing goods or providing services.

Microwave Ovens

Electrical appliances that use microwave radiation to heat and cook food rapidly.

Average Variable Costs

The cost per unit of output that changes with the level of production, calculated by dividing the total variable costs by the quantity of output produced.

Microwave Ovens

A kitchen appliance that uses microwave radiation to heat and cook food quickly.