The Lewis model explains how growth gets started in a less developed economy a. with an average product of labor in agriculture that is negative….
The Lewis model explains how growth gets started in a less developed economy
a. with an average product of labor in agriculture that is negative.
b. with a downward-sloping supply curve of labor.
c. with a marginal productivity of labor zero or negligible in industry.
d. with a traditional agricultural sector and an industrial capitalist sector.
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