The Lawis model explains how growth gets started in ... - Solved MCQs & Answer

1328EconomicsMedium

The Lawis model explains how growth gets started in a less developed economy?

Awith a traditional agricultural sector and an industrial capitalist sector

Bwith an average product of labor in agriculture that is negative

Cwith a marginal productivity of labor zero or negligible in industry

Dwith a downward-sloping supply curve of labor

Correct answer

A. with a traditional agricultural sector and an industrial capitalist sector

Explanation

The correct answer is with a traditional agricultural sector and an industrial capitalist sector.

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