The Age of the Oldest Rocks That Have Been Dated

question 23

Multiple Choice

The age of the oldest rocks that have been dated is about

• A) 4 million years.
• B) 50 million years.
• C) 1 billion years.
• D) 4 billion years.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at that price.

Productivity

The efficiency with which input resources are converted into outputs, often measured as the amount of goods or services produced per unit of input.

Wages

The monetary compensation paid by an employer to an employee in exchange for work performed, often specified in terms of hours, weeks, or tasks completed.

Factor Demand

The demand for input factors by businesses that are required to produce goods or services.