Iceland's Ice Import Paradox

Iceland's Ice Import Paradox

Assessment

Interactive Video

Business

10th - 12th Grade

Hard

Created by

Jennifer Brown

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does Iceland, a country with abundant ice, import ice from other countries?

Because it lacks the technology to produce ice.

Due to the high cost of local ice production.

Because imported ice is of better quality.

Due to a shortage of water resources.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons that makes imported ice cheaper than locally produced ice in Iceland?

Subsidies provided by the Icelandic government.

Lack of ice production facilities in Iceland.

Higher quality of imported ice.

Lower labor costs in exporting countries.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Iceland's energy production capability compare to larger nations?

It is less efficient than most larger nations.

It is on par with larger nations.

It surpasses many larger nations in efficiency.

It is not relevant to ice production.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role do shipping routes play in Iceland's decision to import ice?

They provide a cost-effective way to import ice.

They are irrelevant to the ice import decision.

They make it more expensive to import ice.

They limit the amount of ice that can be imported.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Iceland's decision to import ice demonstrate about its economic strategy?

It highlights a deficiency in local production.

It reflects a pragmatic economic choice.

It indicates a failure in energy management.

It shows a lack of resources.

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