In the Lewis model,in the subsistence sector,the value of marginal product of labor is
A) zero.
B) positive.
C) negative.
D) determined in the labor market.
Correct Answer:
Verified
Q9: In an economic model:
A) exogenous variables and
Q10: Using the Harrod-Domar growth model,suppose one economy
Q11: The structural change that accompanies growth in
Q12: According to the Lewis model,workers are paid
Q13: According to the Harrod-Domar growth model,suppose that
Q15: The Neoclassical growth model assumes:
A) diminishing marginal
Q16: What is the main difference between the
Q17: According to the Lewis model,workers are paid
Q18: Endogenous variables are:
A) given from outside the
Q19: What is the main difference between the
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