Which of the Following Is the Best Statement of the Paradox

question 156

Multiple Choice

Which of the following is the best statement of the paradox of value?

• A) Why does the amount people are willing to pay for a good vary with the amount consumed?
• B) Why do some goods like water, which is necessary for life, have a low price while other goods like diamonds have a high price?
• C) What is the logical relationship between value and price?
• D) Why is efficiency so valuable for a society?
• E) None of the above states the paradox of value.

---

Definitions:

Negative Reinforcers

An aversive stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior being repeated.

Aversive Stimulus

A negative or unpleasant stimulus that causes a decrease in the likelihood of a behavior being repeated.

Pleasant Stimulus

An environmental or sensory input that elicits positive feelings or a gratifying response.

Unconditioned Reflexes

Natural, automatic responses to stimuli that occur without any prior learning or conditioning.