Which of the Following Is CORRECT

question 127

Multiple Choice

Which of the following is CORRECT?

• A)The age of the sea floor is the same in most areas of the ocean.
• B)The age of the sea floor does not follow a discernable pattern.
• C)The age of the sea floor increases with increasing distance from a mid-ocean ridge.
• D)The oldest sea floor material is several billion years in age.
• E)The age of the sea floor increases with increasing distance from a trench.

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Definitions:

Convex

In geometry and economics, convex refers to a shape or function that curves outward or has a bulging shape, often indicating a relationship where marginal effects increase over a range.

Concave

Describes a curve or surface that is curved inward, resembling the interior of a circle or sphere.

Budget Line

The budget line represents the combination of goods and services that a consumer can purchase with their given income, keeping in consideration the prices of those goods.

Money Income

Money income refers to the total amount of monetary earnings received by an individual or household, including wages, salaries, bonuses, and income from investments.