Where Two Oceanic Plates Converge, Subduction Generates Huge Amounts of Magma

question 1

True/False

Where two oceanic plates converge, subduction generates huge amounts of magma that erupt to form submarine volcanoes, and eventually island arcs.

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Definitions:

Product-variety Externality

The impact on consumer welfare or market efficiency due to variety in products available, often seen as a positive externality in markets.

Business-stealing Externality

A negative effect where a new entrant in a market draws customers from existing businesses, potentially harming those businesses without creating new value for the market as a whole.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with the production or consumption of a good or service.

Advertising

The activity or profession of promoting products, services, or ideas through various forms of media.