Suppose you pull two opposite sides of the loop away from each other, such that the other two sides get closer, reducing the loop area. Suppose as you look down on the loop, the magnetic field also points downward through the loop. Which direction (clockwise or counterclockwise) does the induced current flow, from your perspective?

Explanation:

Magnetic field is oriented downwards . area of loop is decreasing so downward flux is decreasing . To increase the downward flux , current induced will be clockwise so that flux generated by induced current increases the downwards flux . It is in accordance with Len'z law.

what are the statements? x

iron would move it is magnetic there is a mag field around the current in the wire