What are the main features of the Harris-Todaro model of rural-urban migration?
What will be an ideal response?
Rational economic decision based on costs/benefits. The reward to migration is expected rather than actual urban income. The probability of obtaining an urban job depends on urban employment rates. High rates of urban unemployment are inevitable.
Economics
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An increase in demand is represented graphically by a rightward shift of the demand curve
Indicate whether the statement is true or false
Economics
Inflation that is ________ than what is expected benefits ________ and hurts ________
A) greater; lenders; no one B) greater; lenders; borrowers C) less; lenders; borrowers D) less; borrowers; lenders
Economics