Which one of the following valuation techniques is not based on the value of marketed goods or services?
a. Hedonic pricing
b. Avoided cost valuation
c. Production function valuation
d. Contingent valuation
e. Engineering cost valuation
Ans: d. Contingent valuation
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In the above figure, the distance between points T and U represents
A) an expansion. B) a trough. C) a peak. D) a recession.
If Matt Taylor gets his $800 loan from the Paris First National Bank in cash rather than in the form of a new checkable deposit, the:
a. Paris First National Bank will get $800 in new reserves. b. Paris First National Bank will not get $800 in new reserves. c. assets of the Paris First National Bank will increase by $800. d. assets of the Paris First National Bank will decease by $88. e. liabilities of the Paris First National Bank will increase by $800.
QN=71 (17766) Refer to Table 23-6. Which of the following is not correct?
a. This economy experienced growth from 1974 to 1975. b. This economy experienced growth from 1975 to 1976. c. This economy experienced growth from 1976 to 1977. d. This economy experienced inflation from 1974 to 1975, from 1975 to 1976, and from 1976 to 1977.
The Keynesian mechanism through which monetary policy affects the price level, real GDP, and employment depends on the impact of the:
A. interest rate on savings. B. inflation on investment. C. interest rate on investment. D. interest rate on bond prices.