Protectionism

question 111

Multiple Choice

Protectionism

• A)is the use of cheap labour to protect firms from paying high wages.
• B)is the use of trade barriers to protect domestic firms from foreign competition.
• C)refers to reductions in tariffs and other barriers that protect consumers from paying high prices.
• D)refers to the use of copyright and trademark laws to protect inventors and artists from losing the rights to their creative efforts.

---

Definitions:

Curse Of Knowledge

A cognitive bias where better-informed individuals find it difficult to see things from the perspective of less-informed individuals.

Basic Trust

According to Erik Erikson, a sense that the world is predictable and trustworthy; said to be formed during infancy by appropriate experiences with responsive caregivers.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, typically developed in early infancy.

Imprinting

A form of learning occurring at a particular life stage that is rapid and apparently independent of the consequences of behavior.