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Answer the following questions from Globalization and Protectionism . a)Who does protectionism protect? What does it protect them from? b)How does protectionism affect the price

Answer the following questions from Globalization and Protectionism.

a)Who does protectionism protect? What does it protect them from?

b)How does protectionism affect the price of the protected good in the domestic market?

c)What is dumping? Why does prohibiting it often work better in theory than in practice?

d)Why is trade a good thing if some people lose?

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