Question

Excerpt from A Petition, published in 1845 by Frederic Bastiat

'From the Manufacturers of Candles, Tapers, Lanterns, Candlesticks, Street Lamps,....


To the Honorable Members of the Chamber of Deputies....


You are on the right track. You reject abstract theories and have little regard for abundance and low prices. You concern yourselves mainly with the fate of the producer. You wish to free him from foreign competition, that is, to reserve the domestic market for domestic industry...."


Which quote BEST represents the idea of trade barriers?


A) "You are on the right track."

B) "You reject abstract theories"


C) "You wish to free him from foreign competition"


D) "[You] have little regard for abundance and low prices"

Answer 1

You wish to free him from foreign competition"

Step-by-step explanation:

We are suffering from the ruinous competition of a rival who apparently works under conditions so far superior to our own for the production of light that he is flooding the domestic market with it at an incredibly low price; for the moment he appears, our sales cease, all the consumers turn to him, and a branch of French industry whose ramifications are innumerable is all at once reduced to complete stagnation. This rival, which is none other than the sun, is waging war on us so mercilessly we suspect he is being stirred up against us by perfidious Albion (excellent diplomacy nowadays!), particularly because he has for that haughty island a respect that he does not show for us.