Related to the Economics in Practice on p. 349: Protectionism of the kind that is suggested in the petition of the candle makers would most likely result in

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Protectionism, such as a ban on imports, can lead to lower consumption as consumers are not able to choose from a wider range of products at potentially lower prices. In the case of the candle makers' petition, they are asking for a ban on imports of foreign candles, which would limit consumers' options and potentially lead to higher prices. It is unlikely that this would result in more efficient production or lower production costs for the domestic candle makers.

Related to the Economics in Practice on P