Economics · Environmental Economics
The Total Economic Value (TEV) of an environmental resource is calculated by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Adding up only the direct use values of the resource
- 2Adding up only the non-use values of the resource
- 3Adding together the total use value and non-use value of the resource✓
- 4Subtracting non-use value from the use value of the resource
Correct answer
Adding together the total use value and non-use value of the resource
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