The simplest explanation based on Lewis’s model for rural-urban migration is ? A. That people migrate when urban wages exceed rural wagesB. a higher expected income in urban areas C. better infrastructure in urban areas D. the availability of labor-intensive…
According to Harris and Todaro, creating urban jobs by expanding industrial output ? A. is insufficient for solving the urban unemployment problemB. will generate capital-intensive technologies C. will generate more government revenue through urban wages D. induces government to increase…
Disguised unemployed is? A. when marginal revenue productivity of labor is zero B. the same as seasonal unemployment of LDC agricultural C. the rigid factor proportions in LDC agriculture and industry D. due to capital formation and the level of…
During the Great Depression workers in DCs who took inferior jobs as a result of being laid off were known as ? A. disguised unemployed B. cyclical unemployed C. seasonally unemployed D. voluntarily unemployed
The unemployment rate is the ? A. employed plus unemployed divided by labor force B. total employment divided by population C. labor force divided by population D. unemployed divided by employed
Labor skills are a major component of ? A. fertilityB. population quality C. mortality D. morbidity
In a production function Y = F(L, K,N,E,T) Y is ? A. national product B. capital C. natural resources D. prevailing technology
A production function ? A. shows the dependency output of the working populationB. depicts the relationship between input and output C. states the relationship between products and income distribution D. is a function of natural resources in a country