Multiple Choice
Economist David Friedman pointed out that
A) the endowment effect is not limited to humans.
B) the law of diminishing marginal utility does not hold for money.
C) the diamond-water paradox would not exist if water was scarce and diamonds were plentiful.
D) the government should provide the necessities of life for free.
Correct Answer:
Verified
Correct Answer:
Verified
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