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.
A. it pictures the sun as an unfair foreign competitor.
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The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago
The unemployment rate in Marble Falls is now A) 0%. B) 11.1%. C) 20%. D) 25%.
Refer to the information provided in Table 20.1 below to answer the question(s) that follow. Table 20.1
Refer to Table 20.1. Guatemala should specialize in and export ________, and Mexico should specialize in and export ________.
A. bananas; bananas B. oranges; oranges C. oranges; bananas D. bananas; oranges