To the Nearest Percent, What Fraction of an Iceberg Is

question 12

Multiple Choice

To the nearest percent, what fraction of an iceberg is submerged? (ρ_ice = 917 kg/m³, ρ_sea = 1.03 × 10³ kg/m³.)

• A) 95%
• B) 93%
• C) 91%
• D) 89%
• E) 77%

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Definitions:

World Price

The global market price of a good or service when it is traded internationally.

Free Trade

The economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move across borders without regulatory or tariff barriers.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, underpinning the rationale for international trade.

Job Losses

The act of becoming unemployed due to factors like economic downturns, restructuring, or automation.