Which of the equilibrium points on the leisure-income graph below has a wage rate of $4 per hour? 
Definitions:
Imported Oil
Oil that is brought into a country from foreign sources for use in energy production, manufacturing, and other applications. It contrasts with domestically produced oil.
Price Floor
A government or regulatory-imposed minimum price that can be charged for a good or service, intended to ensure fair remuneration for producers or to protect consumers from excessively low prices.
Shortage
A situation where demand for a product or service exceeds the supply available at a specific price.
World Price
The international market price of a good, influenced by global supply and demand.
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