Environment & Ecology · Ecosystem Valuation
What is the primary methodology used in Cost-Based Methods when estimating the economic value of ecosystem services?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Measuring direct market prices of harvested timber and fish
- 2Conducting contingent valuation surveys to ask citizens their willingness to pay
- 3Comparing natural functions to the financial cost of constructing artificial infrastructure replacements✓
- 4Transferring statistical values derived from similar overseas ecological studies
Correct answer
Comparing natural functions to the financial cost of constructing artificial infrastructure replacements
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