The Benefit Estimation Method That Uses Surveys About Hypothetical Market

question 13

Multiple Choice

The benefit estimation method that uses surveys about hypothetical market conditions is

• A) the averting expenditure method
• B) the contingent valuation method
• C) the travel cost approach
• D) the political referendum approach

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Definitions:

Reflecting

The process of thinking deeply or carefully about something.

Paraphrasing

Restating text or passage in one's own words, differing from the original version but preserving the essential meaning.

Closed Questions

Questions formulated to elicit a specific, often "yes" or "no," answer, limiting the scope of responses.

Open Questions

Inquiries that cannot be answered with a simple yes or no, encouraging more detailed and thoughtful responses.