“Dependency” theorists believe that moving surplus labor from agriculture to industry where that labor will earn profit that can be reinvested for further growth is the key to overall economic growth and developement. Is this true or false? Explain why.

Answer 1

Why not?
I believe that is called the "industrial revolution".
It worked of course, but has drawbacks in practice in terms of smog, ocean acidification, depletion of fossil fuel sources etc.