Which one of the following techniques would most likely be used to estimate the value of preservation of a remote arctic wildlife preserve?
a. Hedonic pricing
b. Travel cost method
c. Production function valuation
d. Engineering cost valuation
e. Contingent valuation
Ans: e. Contingent valuation
Economics
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A movement upward along an upward sloping Engel curve corresponds to
A) upward sloping indifference curves. B) crossing indifference curves. C) a rotation in the budget constraint. D) a parallel shift in the budget constraint.
Economics
According to John Maynard Keynes' General Theory of Employment, Interest and Money, the government should _____ in order to get an economy out of a depression
a. increase spending b. decrease spending c. reduce subsidies d. increase taxes e. allow the economy to correct itself
Economics