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.

Question

Quizplus · Accepted Answer

The policy would lead to consumers spending more on candles, reducing their ability to spend on other goods, thus negatively impacting the economy by diverting spending from a variety of goods to just one.

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