The supply curve of labour to industry in the Lewis model is horizontal if there is surplus labour in agriculture. This condition persists as long as
Tap an option to check your answer.
2 marks, −1Economics of Growth and DevelopmentTheories of developmentDual-economy models, surplus labour and migrationModerateabout 2 min
JNU SIS 2015 Question 46: Theories of development
Answer and worked solution
Checking your account…
Theories of development has come up 59 times in 6 exams since 2010.
What this question tests
This question is on Dual-economy models, surplus labour and migration, part of Theories of development in Economics of Growth and Development.
Models of a traditional sector that supplies labour to a modern one.
TestStop has 24 past-paper questions on this subtopic.
Similar questions from other papers
- "Only that much labour should be used with capital as will reduce the marginal productivity of labour to zero." This statement is given by which of the following…
- The origin of the 'Big-Push' theory of development is based on:
- According to Rostow, any industry can play the role of leading sector in the take-off stage provided the following conditions are met. A. The market for the product is…
- In the context of the Harris-Todaro model of rural-urban migration, which one of the following is TRUE?
- Harris - Todaro framework discusses. Choose the correct answer from the options given below.
Question from the JNU SIS 2015 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.