If the Price of Ice in a Hurricane-Devastated Area Suddenlyskyrockets

question 13

Multiple Choice

If the price of ice in a hurricane-devastated area suddenlyskyrockets, then ice suppliers will:

• A)enjoy high profits at the expense of consumers.
• B)limit the supply of ice in the area to sustain the skyrocketing price.
• C)ship more ice to the area and the price will fall.(True Answer )Correct
• D)have an incentive to direct ice to its highest valued uses.

---

Definitions:

Discussion Method

A teaching technique that involves interactive dialogue among participants to explore or learn about a topic.

Critical Thinking Skills

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, and solve problems.

Declarative Knowledge

Refers to the representation of facts and information in the mind, such as the understanding that Paris is the capital of France.

Transfer of Behaviour

The application of learned skills or behaviors from one context to another, which is a key objective in training and education.