What element is used for drop-down menu input (in forms)?

<label for="chooseOne">Choose one: </label>
<input type="text" name="choice" id="chooseOne" list="options">
<datalist id="options">
    <option value="Option 1"></option>
    <option value="Option 2"></option>
    <option value="Option 3"></option>
    <option value="Option 4"></option>
</datalist>