Multiple Choice
A study showed that Americans aged 15-64 currently work 50 percent more than working-age Europeans.Which of the following best explains this difference in work hours?
A) The European work ethic is relatively laid-back compared to the American work ethic.
B) Unemployment benefits in European countries are higher than that in the U.S.which reduces the incentive to work in Europe.
C) The marginal tax rates on labor supply in Europe are higher relative to the United States.
D) Since the labor market in Europe is tightly regulated,European firms employ fewer workers than American firms.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: Tom started working five hours more each
Q28: Which of the following correctly explains why
Q29: What is meant by human capital?<br>A)It refers
Q30: Differences exist in specific interest rates in
Q31: Which of the following correctly describes economic
Q33: Given that g is the rate of
Q34: In equilibrium,interest rates on different assets will
Q35: Suppose the government imposes a policy which
Q36: Consider a machine that costs $50,has an
Q37: How does the rate of return earned