Which of the Following Is the Approach Taken to Determine

question 30

Multiple Choice

Which of the following is the approach taken to determine how individuals value an option by looking at their actions?

• A) contingent valuation
• B) revealed preference
• C) cost-benefit analysis
• D) social discounting

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Definitions:

Weaknesses

Attributes or areas of one's character or abilities that are less developed or less effective than other qualities.

Holder

A legal term for an individual or entity that possesses a negotiable instrument, like a check or promissory note, and has the right to enforce it.

Instrument

A legal document that formally documents a legal or financial transaction or agreement.

Shelter Rule

A legal principle that protects buyers in good faith of personal property under the Uniform Commercial Code from subsequent claims of ownership.