The Supply Curve of Labor to Industry in the Lewis

question 30

Multiple Choice

The supply curve of labor to industry in the Lewis model is horizontal if there is surplus labor in agriculture. This condition persists as long as

• A)the marginal product of labor is less than the average product of labor in agriculture.
• B)the marginal product of labor in agriculture is less than the marginal product of labor in industry.
• C)there are diminishing returns to labor in agriculture.
• D) the marginal product of labor in agriculture is zero.

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Definitions:

Cerebral Cortex

The outer layer of brain tissue, crucial for complex cognitive functions such as thought, memory, consciousness, and language.

Prefrontal Cortex

The front part of the frontal lobe of the brain, key in decision making, social behavior, and personality expression.

Association Areas

Regions of the brain that integrate information from different sensory inputs and are involved in complex processes such as learning, language, and decision-making.

Formulate Plans

The process of creating strategies or outlining actions to achieve specific goals.