The Resolution of Adam Smith's Diamond-Water Puzzle Is Based on the Distinction

question 75

True/False

The resolution of Adam Smith's diamond-water puzzle is based on the distinction between marginal and total utility.

---

Definitions:

Phonemes

A minimal sound segment in speech that serves to contrast words within a language.

Morphemic Rules

Guidelines that govern the structure, organization, and relationship of morphemes in a language.

Phonemic Rules

Guidelines that determine how phonemes, the basic units of sound in a language, can be combined to produce words and affect pronunciation.

Grammar

The set of rules that govern the structure and composition of phrases and sentences in a language.