How are social befits typically monetized?
What will be an ideal response?
Money measurement: The least controversial approach is to estimate direct monetary benefits when feasible.
Market valuation: Another relatively straightforward approach is to monetize gains or impacts by valuing them at market prices.
Econometric estimation: Another approach is to monetize the value of a program effect by using a statistical model to estimate the independent influence of that impact on some domain of economic activity. However, there are many other factors that influence business revenue.
Hypothetical questions: A rather problematic approach sometimes used is to estimate the value of intrinsically nonmonetary benefits is questioning the recipients of those benefits. Such estimates are inherently subjective and somewhat speculative and, thus, open to skepticism.
Observing funding allocations: Another approach is to monetize benefits on the basis of budgetary allocations by relevant social agents.
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In terms of informed decision-making, which of the following
statements is true? a. Social democratic countries perform the best. b. Christian democratic countries perform the best. c. Extreme market democracies perform the best. d. Extreme market democracies performed better than social democratic countries but not as well as Christian democracies.
The cultural understanding in terms of the environment in which it exists refers to ______.
Fill in the blank(s) with the appropriate word(s).