The Fact That We Have Two Ears on Our Heads

question 482

Multiple Choice

The fact that we have two ears on our heads instead of just one is an important structural feature that is most related to our ability to

• A)perceive the amplitude of sounds
• B)describe the loudness of sounds
• C)perceive the pitch of sounds
• D)locate the source of sounds

---

Definitions:

Opportunity Cost

The expense associated with missing out on the second-best choice while deciding among multiple possibilities.

Efficient Markets

A concept that asserts that financial markets are "informationally efficient," meaning that prices of securities reflect all available information at any given time.

Opportunity Cost

The cost of choosing one alternative over another, typically representing the benefits you could have received by taking a different action.