It is often important in Cost-benefit analysis to distinguish between non-market values and direct values attached to direct use. Which statements about non-market values are true?
A) non-market values are easier to estimate than direct use values
B) non-market values have no relevance for estimating benefits
C) non-market values only apply to wildlife
D) none of the above

Question

Quizplus · Accepted Answer

Non-market values are more difficult to estimate because they do not have a direct market price, but they are still relevant in determining the overall benefits of a project or policy. Non-market values can apply to a variety of things beyond just wildlife, such as cultural heritage or environmental quality.

It Is Often Important in Cost-Benefit Analysis to Distinguish Between