Which one of the following statements is false?
a. Bequest value is the value of environmental services to future generations
b. Willingness-to-pay tends to be smaller than willingness-to-accept for the same service
c. The production function approach to valuation considers the cost of constructing facilities to provide environmental services
d. Contingent valuation can be used to estimate existence values
e. The value of just knowing a wild species exists is called indirect use value
Ans: e. The value of just knowing a wild species exists is called indirect use value
You might also like to view...
People have less incentive to invest the more concerned they are that their investment will not be
a. appropriated by government b. stolen by thieves c. protected from high tax rates d. destroyed by civil unrest e. blown up by terrorists
An increase in a country's saving rate permanently raises its productivity
a. True b. False Indicate whether the statement is true or false
Macroeconomics is the study of
a. individual decision makers. b. international trade. c. economy-wide phenomena. d. markets for large products.
This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope.
According to this graph, the marginal benefit of litter removal is highest when the ________ bag of litter is removed.
A. 10th B. 15th C. 1st D. 30th