Entry Exam Category: High School Equivalency Exams
Course: HiSET
Exam: HiSET Social Studies Practice Test
Practice Question
What does the supply line represent?
Answer Choices
- A: The number of hours people are willing to work at any given wage rate
- B: The number of hours employers are willing to provide workers at any given wage rate
- C: The government's estimate of the number of hours people should be willing to work at any given wage rate
- D: The government's estimate of the number of hours employers should be willing to provide workers at any given wage rate
Correct Answer: A
Rationale: In a labor market graph, the supply line represents the number of hours workers are willing to work at various wage rates, as higher wages incentivize more labor supply.