According to the Todaro migration model, can rural-urban migration in developing countries be economically rational despite high urban unemployment? No, because potential migrants compare the urban-rural wage differential before deciding to migrate. Yes, because migrants compare the expected urban-rural wage differential when deciding to migrate. Yes, because urban areas always offer better income opportunities compared to rural areas, even in the informal sector. No, because potential migrants fail to take into account that finding an urban job is very difficult.
According to the Todaro migration model, can rural-urban migration in developing countries be economically rational despite high urban unemployment? No, because potential migrants compare the urban-rural wage differential before deciding to migrate. Yes, because migrants compare the expected urban-rural wage differential when deciding to migrate. Yes, because urban areas always offer better income opportunities compared to rural areas, even in the informal sector. No, because potential migrants fail to take into account that finding an urban job is very difficult.
Chapter17: Income, Poverty, And Health Care
Section: Chapter Questions
Problem 1P
Related questions
Question
Answer plzz...
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax