The situation in which some necessities have little value while some non-necessities have a much higher value is known as a. paradox of value. c. trade-offs. b. opportunity cost. d. economic interdependence.

Question

Ashton Johnson

Business

26 May, 09:47

The situation in which some necessities have little value while some non-necessities have a much higher value is known as a. paradox of value. c. trade-offs. b. opportunity cost. d. economic interdependence.

+2

Answers (1)

Know the Answer?

Jonathon Sloan · Answer 1

correct answer is a. paradox of value

Explanation:

the correct answer is a paradox of value and it is also known as diamond water paradox

like as marginal utility of diamond is very high in part

as it is use as celebrating of any life event

and it is also used for a signal by 1 person to another one as the commitment of both each other

so which thing has the highest value that is used frequently little/no value in the exchanging

and those have the highest value for exchange that have frequently little/no value use in value in use and value in exchange

so here the correct answer is a. paradox of value