Answer: Income effect refers to the change in an income earned by an individual and with a percentage change upward or downward impacts consumer buying/ purchasing power of it
Explanation: You didn't put the answer choices so ii couldn't tell you exactly which one.
The correct labeling of the given map is:
- Rock age/name: geologic time period of the formation.
- Strike and dip: The short lines with numbers next to them are strike-and-dip symbols
- rock type: Cretaceous shale
- contact line: They are shown by a fine line
- fault line: Normal fault
<h3>What is a Geologic Map?</h3>
This refers to the type of map that represents the distribution of different types of rock and surficial deposits, as well as locations of geologic structures.
Hence, we can see that in order to read a geologic map, there are some things you need to consider such as:
- The use of topographic map symbols
- The use of contour maps
- The use of topography on maps
- By symbolizing geology on Geologic Maps
- Through the use of Contacts, Faults, Strikes, and Dips on Geologic Maps, etc
Read more about Geologic Maps here:
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1. Embargo - An official ban or trade or other commercial activity with a particular country.
2. Tariff - Tax on imports.
3. Economic growth - The ability of the economy to increase the production of goods and services.
4. Specialization - Workers concentrate on producing those goods and services for which they have a competitive advantage.
5. Currency exchange rate - The price of one country's currency expressed in terms of another country's currency.
6. Quota - Limitation on imports.
7. Voluntary free trade - An ideal feature of a global economy; it is when each party involved in a trade expects to gain from the trade.
8. Trade barriers - Restrictions placed on trade, for example tariffs and quotas.
