(2)Labor costs:Europe's rises faster than America's despite high unemployment. Between1983 and 1993,compensation per worker wages plus fringes)jumped 6.3 percent annually in EU;the comparable U.S.increase was 4.2 percent. (3)Work effort:Americans work harder,because the alternative-being supported by government isn't attractive.Interestingly,initial U.S.and European unemployment benefits are similar.They typically replace about 50 to 70 percent of an average worker's wages.But after some joblessness,U.S.benefits go down sharply while European countries continue to provide support. All Europe's disadvantages feed each other.Higher labor costs deter hiring.Steep payroll taxes do the same.America's advantages are also reinforcing.The business climate is more favorable than that in Europe.American corporations are consistently more profitable. It is the economic culture that counts.America still embraces the market culture:its obsession with growth,its striving for wealth and tolerance of inequality,its acceptance of change.Europe is more inclined to reshape market culture through government regulation. While government involvement does much good,too much of it can hinder economic growth. Complete the following statements by choosing the best from the answers A,B or C.Write A,B or C on your Answer Sheet. 31.Which of the following would be the best peacetime version of Stimson's remark? A.Business is a powerful job machine. B.Business must make more money in peacetime. C.Markets should be left fairly free. 32.Which of the following doesn't help to create jobs according to the third paragraph? A.Fairly low labor costs. B.Demand of labor force. C.Fast economic growth. 33.According to the passage,which of the following is not a feature of the market culture? A.Working hard to accumulate wealth. B.Preoccupation with development. C.Absolute equality for every citizen. 83(2)Labor costs: Europe's rises faster than America's despite high unemployment. Between1983 and 1993 , compensation per worker ( wages plus fringes) jumped 6. 3 percent annually in EU I the comparable U. S. increase was 4.2 percent. (3) Work effort: Americans work harder, because the alternative-being supported by government isn' t attractive. Interestingly , initial U. S. and European unemployment benefits are similar. They typically replace about 50 to 70 percent of an average worker' s wages. But after some joblessness, U. S. benefits go down sharply while European countries continue to provide support. All Europe' s disadvantages feed each other. Higher labor costs deter hiring. Steep payroll taxes do the same. America's advantages are also reinforcing. The business climate is more favorable than that in Europe. American corporations are consistently more profitable. It is the economic culture that counts. America still embraces the market culture: its obsession with growth , its striving for wealth and tolerance of inequality , its acceptance of change. Europe is more inclined to reshape market culture through government regulation. While government involvement does much good , too much of it can hinder economic growth. Complete the following statements by chωsing the best from the answers A, B or C. Write A, B or C on your Answer Sheet. 31. Which of the following would be the best peacetime version of Stimson's remark? A. Business is a powerful job machine. B. Business must make more money in peacetime. c. Markets should be left fairly free. 32. Which of the following doesn't help to create jobs according to the third paragraph? A. Fairly low labor costs. B. Demand of labor force. C. Fast economic growth. 33. According to the passage , which of the following is not a feature of the market culture? A. Working hard to accumulate wealth. B. Preoccupation with development. C. Absolute equality for every citizen. 83