What does the diamond-water paradox refer to?
A)The fact that water is far more plentiful than diamonds,even though people need more diamonds.
B)The fact that water is far more valuable than diamonds,yet its price tends to be far lower.
C)The fact that although people don't necessarily want diamonds,they are prepared to pay a high price for them.
D)The fact that diamonds are more plentiful than water in some countries.

Question

Quizplus · Accepted Answer

The diamond-water paradox refers to the fact that although water is essential for life and therefore has more use value than diamonds, its market value tends to be lower than that of diamonds, which have little practical use but are highly sought after for their rarity and perceived value.

What Does the Diamond-Water Paradox Refer To