Which of the following is correct about the Contingent Valuation Method (used in Environmental Economics?
A. It is used only for pollutants.
B. It is used only for items with positive utilities.
C. It is used for items under market failures.
D. It is used only for natural resources.
Answer:C
Which of the following is correct about the Contingent Valuation Method (used in Environmental Economics?
A. It is used only for pollutants. B. It is used only for items with positive utilities. C. It is used for items under market failures. D. It is used only for natural resources.