Country Hours worked per Employee Wage/hour US 1,789 20.54 . South Korea 2,163 18.35 Netherlands 1,383 29.05 Turkey 1,855 9.23 Mexico 2,226 4.96 Source: Core Figure 3.22 (original: OECD) Discuss: How is it possible that South Koreans and Mexicans work similar hours even though wages are so different? Say you want to analyze the on labor supply in different countries presented in lecture 13 using a framework under which the data in the table is generated by rational choice over consumption and leisure of a hypothical agent that faces the different wages listed and has no other income. Which of the following statements about the preferences of this hypothetical agent is false? The observations from South Korea and Mexico imply that leisure is an inferior good for this range of wages. The observations from the US and South Korea imply that the demand of leisure increases when income increases. " The observations from Turkey and Mexico are consistent with the assumption that "more is preferred to less"