Refer to the above figure. All of the following are true concerning the diamond-water paradox EXCEPT
A. marginal utility of diamond consumption is relatively high.
B. since the price of diamonds is high, demand is great.
C. the demand for water exceeds the demand for diamonds.
D. the price of diamonds exceeds the price of water.
Answer: B
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A) bond market. B) stock market. C) exchange market. D) money market.
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A) the supply of money B) consumption spending C) federal subsidies and minimum wage values D) government spending and taxes
Ida May Fuller was the first
A. person enrolled in a 401(k) retirement plan. B. director of the Social Security Administration. C. recipient of a Social Security check. D. person issued a Social Security number.
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