3. Consider the simple Han’is-Todaro framework. What does it predict about how ma] development policies will change rural wage, the size of the labor…

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Consider the simple Harris-Todaro framework. What does it predict about how rural development policies will change rural wage, the size of the labor force and the informal sector in cities? Draw a graph and explain in two or three sentences.

3. Consider the simple Han‘is-Todaro framework. What does it predict about how ma]development policies will change rural wage, the size of the labor force and theinformal sector in cities? Draw a graph and explain in two or three sentences. (15 points)

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