Absolute Pitch Refers to

question 116

Multiple Choice

Absolute pitch refers to

• A) a baseball thrown in the exact center of the strike zone.
• B) the conversation you have with a car salesman when he gives you his bottom offer.
• C) a perfect tone without any distortion.
• D) the ability to listen to and correctly identify notes played on musical instruments.

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Definitions:

Noncash Gift-Giving

The act of giving gifts that are not in the form of money or monetary value, often personal or symbolic.

Marginal Utility

The increased utility or satisfaction derived by a buyer from the consumption of one extra unit of a good or service.

Income Effect

The fluctuation in income for either an individual or the economy and its influence on the demand levels for certain goods or services.

Substitution Effect

The economic principle that as prices rise, consumers will replace more expensive items with less costly alternatives.