Exam (elaborations)
HAMLINE UNIVERSITY ECONOMICS 3730 ECON EXAM 2 REVIEW QUESTIONS WITH ANSWERS GRADED 100%
- Institution
- Hamline University
HAMLINE UNIVERSITY ECONOMICS 3730 ECON Exam 2 QUESTIONS WITH ANSWERS. 1. Suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with 5 probability and pays $2 per day. Will there be any rural-urban migration? Explain your reasoning, stating explicitly any simplifyin...
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