Examlex
Which statement is NOT one of the core components of Cooley's "looking-glass" concept"?
Nations Trade
The exchange of goods, services, and capital between countries, driven by comparative advantages and specialization.
Frederic Bastiat
A 19th-century French economist and writer known for his advocacy of classical liberalism and his witty criticisms of protectionism.
Trade Protectionism
Government policies designed to restrict international trade to protect domestic industries from foreign competition.
Government Restrictions
Regulations implemented by the government that limit or guide the actions of individuals or companies, often in the interest of public safety or economic stability.
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