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In 1845, French Economist Frédéric Bastiat Famously Compared Tariffs to Blocking

Question 90

Multiple Choice

In 1845, French economist Frédéric Bastiat famously compared tariffs to blocking out the sun since both low-priced imports and free sunlight discourage domestic industry. What part of the trade diagram best describes the encouragement of domestic industry if Bastiat's "blockade" was taken seriously?


A) deadweight loss
B) fall in consumer surplus
C) fall in producer surplus
D) wasted resources

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