The Fundamental Weakness of Colonialism Was That It

question 39

Multiple Choice

The fundamental weakness of colonialism was that it

• A) required a substantial economic investment in the infrastructure by the colonizer.
• B) relied on theories of Social Darwinism.
• C) is ultimately based on the self-interests of the colonial powers.
• D) assumed a welcome system of reciprocity with the subject nation.
• E) could not establish a uniform system of administration between direct or indirect rule.

Recognize how different utility functions affect economic outcomes in a pure exchange economy.

Identify the conditions under which a Pareto optimal allocation is also a competitive equilibrium.

Understand the role of initial endowments in determining allocations in pure exchange economies.

Grasp the concept of utility functions and how they influence consumer choice decisions.