Relative growth rates of the standard of living in the United States and Europe indicate that workers in ________ have chosen to "spend" ________ of their higher productivity on leisure rather than on consumption of market goods and services.
A)Europe,a significant part
B)the United States,a significant part
C)Europe,almost none
D)the United States,almost all

Question

Quizplus · Accepted Answer

Studies have shown that workers in Europe have chosen to prioritize leisure time over the consumption of market goods and services, resulting in a relatively slower growth rate of the standard of living compared to the United States. This is reflected in the significant amount of vacation time and shorter work hours that are common in many European countries.

Relative Growth Rates of the Standard of Living in the United