According to Lewis’s model the dual economy grows only when ?

Related Mcqs:

As economic development proceeds income inequality tends to follow a(n) _____ curve?

A. convex B. inverted U shaped C. L-shaped D. S-Shaped...

The low-income economies generally have the following except ?

A. deficient infrastructures B. low life expectancies C. low savings D. a per capital GNP of more than $900...

Increases in real GNP per capita occur when ?

A. government programs direct resources away from investment goods to consumer goods. B. tariffs and quotas prevent dollars from leaving the country C. the rate of growth of real GNP is greater than the rate of growth of population D. the level of consumption expenditures rises relative to the level of saving...

Two or more nuclear families of parent(s) and children is known as ?

A. dual family B. institutional family C. extended family D. two-tier family tree...

The following statements are true about informal sector except ?

A. Uses no mechanical power B. May be enterprises with less than 10 workers C. Production is capital intensive D. Uses family workers...