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A large proportion of archaeans are extremophiles, so called because they inhabit extreme environments with high acidity, salinity, and/or temperature. Such environments are thought to have been much more common on primitive Earth. Thus, modern extremophiles survive only in places that their ancestors became adapted to long ago. Which of the following is, consequently, a valid statement about modern extremophiles, assuming that their habitats have remained relatively unchanged?
Backward-Bending
Refers to the portion of a labor supply curve that bends backward at higher wage levels, indicating a decrease in labor supply as wages increase beyond a certain point.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
Income Effect
Shifts in economic or personal income and how these shifts influence the demand for certain goods or services.
Disparity of Income
The gap in income and wealth distribution among individuals or groups within a society, leading to economic inequality.
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