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Explain how advocates of strategic trade policy differ from the classical free traders in their treatment of externalities?
Social Groups
Collections of individuals who interact and share certain characteristics, beliefs, values, or a sense of unity and belonging.
Social Learning
This refers to the process of learning behaviors, attitudes, and skills through observation and imitation of others in a social context.
Observational Learning
Learning that occurs by observing the behavior of others and the outcomes of those behaviors, without direct experience.
Vicarious Conditioning
A process of learning through observing the consequences of another's actions, which then influence the observer's own behavior.
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