Which of the Following Is Not a Proposed Explanation for That

question 54

Multiple Choice

Which of the following is not a proposed explanation for that fact that Americans on average work 20 percent more hours than the typical resident of western Europe?

• A) Europeans have more taste for leisure than Americans.
• B) Americans have a lower unionization rate than Europeans.
• C) Europeans face higher tax rates than Americans.
• D) The underground economy is larger in America than in Europe.

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Definitions:

Strike Price

The price at which an options contract can be exercised, essentially the price at which the underlying asset can be bought or sold.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Expiration Date

The specified date on which the options contract or other financial instrument becomes void and ceases to exist.

Marking-To-Market

The process of updating the value of an asset or liability to reflect its current market value rather than its book value.