Two Parallel Wires, 4 Cm Apart, Carry Currents of 2

question 47

Multiple Choice

Two parallel wires, 4 cm apart, carry currents of 2 A and 4 A respectively, in the same direction. The force per unit length in N/m of one wire on the other is:

• A) 1 * 10^-3, repulsive
• B) 1 *10^-3, attractive
• C) 4 * 10^-5, repulsive
• D) 4 *10^-5, attractive
• E) none of these

Describe the effects of a price floor and a price ceiling on market equilibrium.

Identify the conditions that lead to a surplus or shortage resulting from price controls.

Explain the role of government policies in setting minimum wages and price controls in markets.

Describe how price controls, such as price ceilings and floors, can lead to inefficiencies in the market.

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Definitions:

Gross Savings Rate

The total level of savings within an economy expressed as a percentage of total income.

2000

Marks the year notable for events such as the dot-com bubble peak, and the U.S. presidential election, which resulted in George W. Bush's victory.

Mancur Olson

Mancur Olson was an American economist and political scientist known for his work on public goods and his theory of collective action, explaining how individuals can work together to achieve common goals.

Developed Nations

Countries with high levels of industrialization, a higher standard of living, and advanced technological infrastructure.