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
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