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Question 5 (1 point) Say you want to analyze the on labor supply in different countries presented in lecture 13 using a framework under which

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Question 5 (1 point) 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"

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