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Given that rural and urban wages are fixed, the only variable that can adjust is the rate of urban unemployment. From the earlier information
Given that rural and urban wages are fixed, the only variable that can adjust is the rate of urban unemployment. From the earlier information on Wu and Wr, find the specific rate of urban employment (i.e., the probability of getting an urban job, Pu) at which there is no more incentive to migrate and rural-urbanmigration stops. 75% O 25% O 40% O 80%
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
