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Question #49537

The Lawis model explains how growth gets started in a less developed economy ?

Options:

A) with an average product of labor in agriculture that is negative

B) with a downward-sloping supply curve of labor

C) with a marginal productivity of labor zero or negligible in industry

D) with a traditional agricultural sector and an industrial capitalist sector

Answer: The Lawis model explains how growth gets started in a less developed economy with a traditional agricultural sector and an industrial capitalist sector.

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