A Piece of Wood Is Floating in a Bathtub

question 19

Multiple Choice

A piece of wood is floating in a bathtub.A second piece of wood sits on top of the first piece,and does not touch the water.If the top piece is taken off and placed in the water,what happens to the water level in the tub?

• A) It goes up.
• B) It goes down.
• C) It does not change.
• D) This cannot be determined without knowing the volume of the top piece of wood.

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Definitions:

Merchandise Balance of Trade

The difference in value between a country's merchandise exports and merchandise imports over a certain period.

Negative

In an economic context, this term often implies a deficit or a diminishing amount in financial accounts or outcomes.

Year

A period of time consisting of 365 days, or 366 in a leap year, used as a primary time unit in most calendar systems.

Trade Imbalance

A situation where the value of a country's imports significantly exceeds or is less than the value of its exports.