An economist estimates the value of a nature preserve by calculating the price premium people pay for houses located adjacent to the preserve. This is an example of what type of economic valuation?

a. Hedonic pricing
b. Production function valuation
c. Contingent valuation
d. Travel cost method
e. Engineering cost valuation

Ans: a. Hedonic pricing

Economics

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Information technologies are a ________ for low-skilled labor and a ________ for high-skilled labor

A) substitute; substitute B) complement; complement C) substitute; complement D) complement; substitute

Economics

Everything else held constant, when the current value of the domestic currency increases, the ________ domestic assets ________

A) demand for; increases B) quantity demanded of; increases C) demand for; decreases D) quantity demanded of; decreases

Economics