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Can confusing the plugs for earphones and microphones do any damage?

The plugs for microphones and for earphones are the same, however their functionality obviously is quite different. Now because of the same plugs it is easy to insert one of them in the wrong socket. 

Now I'm wondering if such erroneous insertions can cause any damage. 

Also with the headset plugs for phones, could any damage be caused if normal earphones are inserted instead?