Which of the Following Is a Nonuse Value

question 26

Multiple Choice

Which of the following is a nonuse value?

• A) existence value
• B) monetary cost
• C) mitigation cost
• D) willingness-to-pay value
• E) utilitarian value

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Definitions:

Tax Per Unit

A fixed amount of tax imposed on a product or service, regardless of its price.

Excise Tax

A tax applied to specific goods, services, or transactions, usually with the intent of discouraging their use or generating revenue.

Tax Per Unit

A specific tax levied on a product based on the number of units purchased, not the value of the purchase.

Efficiency Loss

The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.