You Are in an Unfamiliar Setting and Your Eyes Are

question 112

Multiple Choice

You are in an unfamiliar setting and your eyes are closed.Which of the following sounds would be hardest for you to locate correctly?

• A) a bell ringing 6 feet directly in front of you
• B) a pen hitting the top of a table beside you
• C) a crying child standing 5 feet off to your right
• D) music from a loudspeaker 15 feet to your left

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Definitions:

Equilibrium Price

Equilibrium price is the price at which the quantity of a good demanded equals the quantity supplied, thus no surplus or shortage exists.

Adverse Selection

A situation in which sellers have information that buyers do not (or vice versa) leading to transactions that favor the party with more information.

Malpractice Insurance

Insurance that provides coverage to physicians and other medical professionals for liability arising from disputed services that result in a patient's injury or death.

Airbags

Safety devices in vehicles designed to inflate rapidly in the event of a collision to prevent occupants from striking interior objects or being ejected.