Answer- In the Lewis model, what does the term “surplus labor” refer to?

Q: Answer- In the Lewis model, what does the term &ldquo;surplus labor&rdquo; refer to?

In the Lewis model, what does the term surplus labor refer to labor that can be withdrawn from the low productivity agricultural sector without a decrease in the total production.

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

B Labor that does not have at least a primary level education

C Labor that can be withdrawn from the low productivity agricultural sector without a decrease in the total production

D Labor that is exploited by the capitalist class

E None of the above

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In the Lewis model, what does the term “surplus labor” refer to?

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