Business, 19.02.2020 06:03, edandjill24

Adam Smith, the father of

modern economics, was puzzled why so many things that are useful and necessary for life are cheap while so many things we can live without are so expensive. This has come to be known as
(2pts)

the fallacy of interpersonal utility comparisons

Smith's conundrum

the "diamond-water" paradox

behavioral economics

the law of diminishing marginal utility

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Adam Smith, the father of

modern economics, was puzzled why so many things that are usef...