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Poverty and Unemployment · IB ACIO · Question 52 of 60

Poverty and Unemployment: Movement of surplus labour from traditional agriculture to modern industry is central to the

Step-by-step solution. Poverty and Unemployment for IB ACIO.

Topic
Poverty and Unemployment
Subject
General Studies
Difficulty
moderate
Solve Time
45-60 sec

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Q · Poverty and Unemploymentmoderate · 45s

Movement of surplus labour from traditional agriculture to modern industry is central to the:

TopicPoverty and Unemployment
Question Typemultiple choice
Difficultymoderate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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Meaning: Lewis model explains development via transfer of surplus labour to a high‑productivity sector.Correct Option Justification: A is correct; it directly addresses disguised unemployment in traditional sectors.Incorrect Options:A. Harrod–Domar focuses on savings–investment dynamics for growth.B. Solow is a neoclassical growth model with capital accumulation and technology.C. Phillips curve concerns inflation–unemployment trade‑off.

Final Answer: Option A - Lewis two‑sector model
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Movement of surplus labour from traditional agriculture… - Poverty and Unemployment (General Studies) Solved Question