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:

Presentation

A speech or talk in which a new idea or piece of work is shown and explained to an audience.

Posture

The way in which an individual holds their body when standing or sitting, oftentimes reflective of mood, attitude, or health status.

Job Interview

A formal meeting between a job applicant and an employer, intended to assess the suitability of the applicant for a specific position.

Eye Contact

The act of two people looking into each other's eyes, which is a crucial non-verbal communication tool indicating various emotions and intentions.