Which of the Following Is an Assumption of the Lewis

question 12

Multiple Choice

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

• A)surplus labor in the rural sector
• B)high unemployment in the urban modern sector
• C)rising real urban wages
• D)rising marginal product of labor in the rural sector

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Definitions:

Fruit

The sweet and fleshy product of a tree or other plant that contains seed and can be eaten as food.

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing how much the survey results are expected to differ from the true population value.

Confidence Interval

An interval of values calculated from sample data that has a specified probability of including the accurate population parameter.

Confidence Level

A statistical measure that quantifies the uncertainty or certainty in a sampling method, often expressed as a percentage.