Why Would a Box on a Shelf Have a Higher

question 22

Multiple Choice

Why would a box on a shelf have a higher potential energy than that of a box on a lower shelf?

• A) The box on the higher shelf is heavier
• B) The box on the lower shelf was placed there after the higher box.
• C) The box on the higher shelf experiences less gravitational pull; with less gravitational pull comes more weight, thus more potential energy.
• D) It took more work to move the box to the high shelf than to the low shelf

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Definitions:

WARP

An abbreviation for the Weak Axiom of Revealed Preference, a concept in economics that relates consumer choice to their preferences.

Bundle

A combination of goods or services that is considered together as a single composite good.

Laspeyres Price Index

An index used to measure the change in the cost of purchasing a fixed basket of goods and services over time, using the prices from the base period as weights.

Base Year

A specific year against which economic or financial data is compared, often used to calculate indices or real growth rates.