In Order to Apply the Contingent-Valuation Method to Heritage Assets

question 50

True/False

In order to apply the contingent-valuation method to heritage assets it is necessary to decide whether or not leisure time should be charged at an individual's wage rate.

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Definitions:

Shakers

A religious sect known for their communal living, celibate lifestyle, and rhythmic worship practices, originating in the 18th century England and later establishing communities in America.

Ann Lee

A religious leader known for founding the Shakers, a Christian sect that emphasized simple living, celibacy, and communal living, in the late 18th century.

Market Revolution

A period of significant change in the United States during the early 19th century, characterized by the rapid expansion of capitalism and the development of a national market economy.

Cooperative Basis

A foundational principle for organizations or enterprises that are owned and run jointly by their members, who share the profits or benefits.