The Paradox of Value Asks Why

question 53

Multiple Choice

The paradox of value asks why

• A)bad things happen to good people.
• B)the price of water is low and the price of a diamond is high,but water is essential to life while diamonds are not.
• C)the good die young.
• D)total utility is greater than marginal utility.
• E)the standard of living is higher in North America than in South America.

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Definitions:

Brown-black Pigment

Melanin, the natural substance in the body that gives color to the skin, hair, and eyes, and offers protection against UV radiation.

Subcutaneous

Concerning anything that is situated below the skin layer.

Dermis

The thick layer of tissue below the epidermis in mammalian skin, containing blood capillaries, nerve endings, sweat glands, and hair follicles.

Dilate

To enlarge, expand in size; to increase the size of an opening.