Economics · Environmental Valuation Methods
Which of the following statements is NOT correct regarding environmental valuation concepts? 1. Use value is the value individuals derive from actual use of environmental resources. 2. Option value recognizes the value individuals place on keeping the option to use a resource in the future. 3. Stated preference method is also known as indirect valuation method. 4. Non-use value refers to the value assigned to resources without ever personally using them.
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3 only
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