A Graph Shows the Wages of Factory Workers

question 9

Multiple Choice

A graph shows the wages of factory workers. The slope of the line is positive for periods when the wage rate is

• A) low.
• B) rising.
• C) high but not rising any higher.
• D) falling.

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Definitions:

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to provide.

Left Shift

In computing, it refers to the operation of moving bits of a binary number to the left, effectively multiplying the number by a power of two.

Capitalism

Economic system that rewards companies for their ability to perceive and serve the needs and demands of consumers; also called the private enterprise system.

Private Enterprise System

An economic system where private individuals or businesses own capital goods and have the freedom to operate for profit with minimal government intervention.