Which Model Was Developed to Explain the Opening and Closing

question 43

Multiple Choice

Which model was developed to explain the opening and closing (creation and destruction) of ocean basins?

• A) phylogeny
• B) parallel evolution
• C) endosymbiosis
• D) Grenville orogeny
• E) Wilson Cycle

---

Definitions:

Long-run Elasticities

Measure of responsiveness of demand or supply to changes in price or income, considered over a period long enough for all adjustments to be made.

Short-run Elasticities

Measures of how responsive the quantity demanded or supplied of a good is to a price change over a short period.

Plant Size

The scale or capacity of a factory or production facility, which can influence its efficiency and ability to meet demand.

Elastic Demand

Refers to a situation where the quantity demanded of a good or service changes drastically in response to changes in its price.