Is one's sense of agency, action, or power. (page 126) the self as perceived as an object by the "i"; the self as one imagines others perceive one.

The "I" is one's sense of agency, action or power. The "me" is the self as perceived as an object by the "I", the self as one imagines others perceive one.

Explanation:

The me refers to the socialized identity of the person, it refers to the identity of the person in terms of how it is perceived by the other  and represents behaviors, ideas and concepts learned from society.

On the other hand, the I refers to the individual's identity in response to the "me", the I is more personal but it depends on what the person feels about how society perceive him/her.

Therefore, The I is one's sense of agency, action or power,

whereas the "me" is the self as perceived as an object by the "I", as one imagines others perceive one.

protectionism fosters competition and keeps price regulated is not an argument in favor of protectionism.