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Quotas increase the profits of importers but decrease the profits of exporters.
Erikson
A reference to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans.
Crisis Resolution
The process of addressing an emergency or critical situation in a manner that resolves the immediate problem and restores stability.
Recency Effect
The tendency to remember the most recently presented information better than information that was presented earlier.
Perceptual Distortion
A cognitive bias that affects the way we perceive reality, often leading to misconceptions or inaccurate judgments.
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