The diamond-water paradox is the observation that
A)those things that have the greatest price often have little value in exchange and those things that have the lowest price often have the greatest value in exchange.
B)those things that have the greatest value in use often have little value in exchange and those things that have little value in use often have the greatest value in exchange.
C)those things that have the least value in use often have little value in exchange and those things that have the greatest value in use often have the greatest value in exchange.
D)those things that have the least price often have little value in exchange and those things that have the greatest price often have the greatest value in exchange.

Question

Quizplus · Accepted Answer

The diamond-water paradox highlights the difference between "value in use" and "value in exchange," noting that essential items like water, which have high value in use, often have low value in exchange, while non-essential items like diamonds, with low value in use, can have high value in exchange.

The Diamond-Water Paradox Is the Observation That