An Explorer Walks into a Lab in a Science Building

question 61

Multiple Choice

An explorer walks into a lab in a science building. She has a compass in her hand and finds that the south pole of her compass points toward the room's East wall when she is nearer that wall and toward the west wall when she is nearer that wall. You could explain this if magnetized metal had been installed in the East and West walls with North poles pointing into the room. If no magnetic material was installed in the North or South walls of the room, she would expect that

• A) the south pole of the compass would tend to point toward those walls.
• B) the north pole of the compass would tend to point toward those walls.
• C) the compass needle would not point in any particular direction.
• D) the north pole of the compass needle would tend to point toward the centers of those walls, but the south pole would tend to point toward the sides of those walls.
• E) the south pole of the compass needle would tend to point toward the centers of those walls, but the north pole would tend to point toward the sides of those walls.

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Definitions:

Employment in Steel Industry

Refers to the workforce engaged in the production and processing of steel, an important sector for many economies.

Elastic Demand

A situation where the quantity demanded of a product changes significantly due to a change in its price.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.

Short Run

A period in economic theory during which at least one factor of production is considered fixed and cannot be changed.