Suppose That in the Year 2050,one Gallon of Water Is

question 49

Multiple Choice

Suppose that in the year 2050,one gallon of water is more expensive than a one-carat diamond.What could explain this?

• A) There is much less water in the world of 2050 than today.
• B) There are many more diamonds in the world of 2050 than today.
• C) The diamond-water paradox does not hold for any pair of goods.
• D) The law of diminishing marginal utility no longer holds.
• E) a or b

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Definitions:

Black Women's Clubs

Organizations formed in the late 19th and early 20th centuries by African American women to address issues of civil rights, education, and welfare in their communities.

Segregation

describes the enforced separation of different racial, ethnic, or social groups within a society.

National Child Labor Committee

An American organization founded in 1904 with the aim of abolishing child labor, seeking to promote laws and policies that protect children from exploitation in the workforce.

Reform Efforts

Actions or movements aimed at making changes in societal structures or policies to improve conditions.