The Diamond-Water Paradox Arises Because

question 205

Multiple Choice

The diamond-water paradox arises because

• A)essential goods may be cheap, while nonessential goods may be expensive.
• B)the marginal utility of certain products increases, rather than diminishes.
• C)essential goods are always higher priced than nonessential goods.
• D)we sometimes fail to use money as a standard of value.

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Definitions:

Raw Materials

Basic materials from which products are made, including direct materials like wood for furniture or iron ore for steel production.

Isotonic Solution

Solution that is equal in solute concentration to that of the cytoplasm of a cell; causes cell to neither lose nor gain water by osmosis.

Solute Concentration

A measure of the amount of a solute that is dissolved in a solvent, determining the solute's proportion in a solution.

Selectively Permeable Membrane

A membrane that only allows specific molecules or ions to pass through it by active or passive transport.