Hi, I am really confused on these questions and it would be great if i could gain some assistance. Thanks!

2. (2 points) Explain the diamond-water paradox. Can you think of other examples of this phenomenon? Explain. 3. (2 points) Watch the following video regarding measuring happiness: https:/www.ted.com/talksic_marks_the_happy_planet_index?language=en Using the concept of utility, do you think that a nation's success should be measured by production or some other metric