A Current Carrying Loop of Wire Lies Flat on a Table

question 33

Multiple Choice

A current carrying loop of wire lies flat on a table top. When viewed from above, the current moves around the loop in a counterclockwise sense. What is the direction of the magnetic field caused by this current, outside the loop? The magnetic field

• A)circles the loop in a clockwise direction.
• B)circles the loop in a counterclockwise direction.
• C)points straight up.
• D)points straight down.
• E)points toward the east.

---

Definitions:

Investment Tax Credit

A tax credit offered by the government to encourage businesses to invest in certain assets by allowing them to deduct a portion of the investment cost from their taxes.

Loanable Funds

The market in which savers supply funds to borrowers who want to borrow, influencing interest rates and overall economic activity.

Crowding Out

A situation where increased government spending leads to a reduction in private sector investment or spending.

Government Budget Surpluses

Occurs when a government's revenues exceed its expenditures during a specific time period, allowing for savings or debt repayment.