Which of the Following Are Located Along the Midocean Ridges

question 151

Multiple Choice

Which of the following are located along the midocean ridges?

• A)Volcanoes.
• B)Outcrops of granite.
• C)Old oceanic sediments.
• D)Evaporite deposits.

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Definitions:

Flexible Prices

A characteristic of markets where prices can change easily and rapidly in response to shifts in supply and demand.

Aggregate Supply Curve

A graphical representation depicting the total supply of goods and services that firms in an economy are willing to produce at various price levels.

Average Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Final Goods

Final goods are products that have completed the manufacturing process and are purchased for consumption by the end consumer rather than for resale or further processing.