What Does an Upward-Sloping Supply Curve Mean

question 110

Multiple Choice

What does an upward-sloping supply curve mean?

• A) it means that an increase in wages induces workers to increase the quantity of labour they supply
• B) it means that workers prefer to buy more leisure time when their incomes increase
• C) it means that workers prefer less labour when wages are high
• D) all of the above

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Definitions:

Data Type

A classification of data which tells the compiler or interpreter how the programmer intends to use the data.

Default Value

The initial value assigned to a database field or a variable if no other value is specified by the user or a program.

Input Mask

A predefined format that restricts the type of data that can be entered into a database field, ensuring data integrity by requiring specific formats (e.g., phone numbers, dates).

Linked Table

In databases, a table that contains data sourced from another database or file, allowing for integration and synchronization of external data.