What does an upward-sloping labor supply curve mean?

Question

Quizplus · Accepted Answer

An upward-sloping labor supply curve means that as the opportunity cost of leisure time (the foregone income from not working) increases, workers are willing to supply more labor at higher wage rates. This is because the higher wages compensate workers for the income they could have earned through leisure, making work relatively more attractive. The other options are incorrect. Workers would generally prefer to buy more leisure with higher incomes, indicating that the labor supply curve is downward-sloping. Similarly, workers are generally willing to supply more labor when wages are high, not less, as this increases their income.

What Does an Upward-Sloping Labor Supply Curve Mean