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Suppose that Alpha and Omega have identically sized working-age populations but that annual hours of work are much greater in Alpha than in Omega. This
Suppose that Alpha and Omega have identically sized working-age populations but that annual hours of work are much greater in Alpha than in Omega. This could happen because multiple choice Omega's labour force is underemployed or Omega workers place a higher value on leisure than those in Alpha. Alpha's labour force is underemployed and Omega workers place a higher value on leisure than those in Alpha. more of Alpha's labour force is unemployed and Omega workers place a lower value on leisure than those in Alpha. more of Omega's labour force is unemployed or Omega workers place a lower value on leisure than those in Alpha
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