New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

      In the Lewis model, what does the term “surplus

    labor” refer to?
    A An amount of labor that is so high that it deflates wages throughout the economy Correct Answer Incorrect Answer
    B Labor that does not have at least a primary level education Correct Answer Incorrect Answer
    C Labor that can be withdrawn from the low productivity agricultural sector without a decrease in the total production Correct Answer Incorrect Answer
    D Labor that is exploited by the capitalist class Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    In the Lewis model, what does the term “surplus labor” refer to labor that can be withdrawn from the low productivity agricultural sector without a decrease in the total production.

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