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What are the arguments in favour of trade restrictions, and what are the counterarguments? As an economist, do any of these arguments justify trade restrictions? Explain.
Imagined Disaster
A scenario created in the mind that anticipates catastrophic or extremely negative outcomes, often beyond what is likely.
Original Solutions
Innovative or unique methods devised to solve problems or address situations.
Spontaneous Discussion
An unplanned conversation that arises naturally without prior arrangement.
Extrinsic Motivation
Motivation driven by external rewards such as money, fame, grades, and praise.
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