Environment & Ecology · Ecosystem Valuation
Which valuation approach quantifies the economic value of an ecosystem service by analyzing actual human spending choices, such as travel expenditure for ecotourism?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cost-Based Methods
- 2Stated Preference Methods
- 3Market-Based Methods
- 4Revealed Preference Methods✓
Correct answer
Revealed Preference Methods
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