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In the 1960s,which Economist Developed the Theory of the "Two-Model

question 8

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In the 1960s,which economist developed the theory of the "two-model gap," proposing that there was not just a savings gap but also a foreign exchange gap and that the latter was the major constraint on development?


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Tranquil Mind

A state of mental calm and clarity, free from agitation, stress, or anxiety.

Unlimited Pleasure

The concept of seeking pleasure without any constraints or consideration of possible negative consequences.

Epicurus

An ancient Greek philosopher known for his emphasis on simple pleasures, friendship, and the pursuit of happiness through knowledge.

Hedonists

Individuals or philosophies that prioritize pleasure or happiness as the highest good.

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