Because There Are So Few Diamonds in the World, the Consumption

question 153

Multiple Choice

Because there are so few diamonds in the world, the consumption of diamonds

• A)takes priority over the consumption of water.
• B)takes place at relatively high marginal utility.
• C)takes place at relatively low marginal utility.
• D)is more important than the consumption of water.

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Definitions:

American Economy

The economic system of the United States, characterized by a mixture of private and public enterprises, and noted for its innovation, diversity, and significant GDP.

Nixon Administration

The executive branch of the U.S. government led by President Richard Nixon from 1969 to 1974, marked by significant events such as the Vietnam War and the Watergate scandal.

Occupational Safety And Health Administration

A federal agency of the United States that regulates workplace safety and health to prevent work-related injuries, illnesses, and deaths.