There Are Winners and Losers as a Result of Protectionist

question 139

True/False

There are winners and losers as a result of protectionist policies, but economic theory can show that the gains from the winners are larger than the losses of the losers.

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Definitions:

Piaget's Cognitive Theory

A theory of cognitive development that outlines how children's abilities to think and reason evolve through four distinct stages as they grow.

Adolescence

A transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Discrimination

Unjust prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Ethnic Culture

The shared customs, traditions, values, beliefs, and identity within a group of people who identify with each other based on common ancestral, social, cultural, or national experiences.