Which of the Following Is an Assumption of the Lewis

question 20

Multiple Choice

Which of the following is an assumption of the Lewis two-sector model?

• A)surplus labor in industry.
• B)positive marginal product of labor in agriculture.
• C)an upward sloping labor supply curve in industry.
• D)none of the above.

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Definitions:

If Block

Conditional programming structure that executes a set of statements based on whether a specified condition is true.

End If Statement

Marks the conclusion of an IF condition in programming, signaling the end of conditional logic execution.

Macro

A sequence of commands or actions automated to perform a specific task within software applications.

Action Catalog

A list or repository of predefined actions or commands that can be executed within a software application or programming environment.