Which term best describe the figure show below?

Answer: Choice D. Line LM
You have the correct answer. Nice work.
The reason why this is called "Line LM" is because of the two arrows pointing in opposite directions. It tells us the line extends forever in those directions.
A shorthand way of saying "Line LM" would be to write the notation [tex]\overset{\longleftrightarrow}{LM}[/tex]