If the rural wage is 4 and the formal urban wage rate is 10, ...

[09madisonrousseau09]

If the rural wage is 4 and the formal urban wage rate is 10, there will be rural to urban migration if the formal urban unemployment rate is
 
  (a) 50
  (b) 60
  (c) 70
  (d) all of the above

Question 2

Dependency theory characterizes countries as being either in the center or on the periphery. Explain these two concepts. If this theory is correct, what are the implications for development strategy?
 
  What will be an ideal response?

[nixon_s]

Answer to Question 1

A

Answer to Question 2

Grading would depend on what is covered in lecture, but an answer might include inward looking trade policies, regional economic integration, collective action to increase bargaining power in relation to multinational corporations, as well as creation of state-owned enterprises.

[09madisonrousseau09]

Thanks for the timely response, appreciate it

[Perkypinki]

Great answer, keep it coming