One main point of Frederic Bastiat's satire is that option C. The arguments in favor of trade protectionism are sometimes ridiculous.
The term globalization is known to be the opening up of a lot of big countries to be engage in the act of transactions and trade with other nations of the world.
Note that this is often done for what we call mutual benefits as it is seen to be a scenario in which the countries is said to move beyond geographic borders and communicate with each other to make vita socioeconomic and political relations.
Note that Bastiat's satire tried to look into and explain the paradoxical issue behind trade and as such, One main point of Frederic Bastiat's satire is that option C. The arguments in favor of trade protectionism are sometimes ridiculous.
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The main point of Frederic Bastiat's satire is that:
A. French candle makers would benefit from government restrictions on trade.
B. French soybean farmers would benefit from a tariff on U.S. soybeans.
C. The arguments in favor of trade protectionism are sometimes ridiculous.
D. The arguments in favor of trade protectionism are sometimes well-intended
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