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Multiple Choice

A study of economic data from several developed nations throughout the 20th century revealed a consistent positive association: in periods and places where the wealthiest 1% of households received a larger share of the total national income, the average annual work hours for the general population were also higher. Which of the following statements offers the most direct explanation for this observed pattern, considering the influence of social comparison on economic behavior?

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Updated 2025-09-08

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