Explain the neocolonial dependence model

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1. What is the budget curve and what is the condition for utility maximization?

2. Why is the marginal rate of substitution declining?

3. Explain the Lewis two-sector model.

4. Explain the neocolonial dependence model.

5. Explain the false-paradigm model.

Reference no: EM131426045

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Explain the neocolonial dependence model : What is the budget curve and what is the condition for utility maximization? Why is the marginal rate of substitution declining? Explain the Lewis two-sector model. Explain the neocolonial dependence model.
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