Which of the following statements is correct regarding valuation of the benefits of abatement? A) GDP calculations include an adjustment based on environmental quality (for example, worse environmental quality reduces GDP). B) Asking citizens for their willingness to pay for a ‘greener’ environment may result in policies that lead to improvements in environmental quality experienced by the poor, while not affecting the quality experienced by the rich. C) In the contingent valuation method, the pollution due to landfill waste is estimated using the differences in the house prices according to the proximity to a landfill site. D) In the hedonic pricing method, the cost of noise pollution near an airport is estimated using the differences in house prices according to their proximity to the airport
Which of the following statements is correct regarding valuation of the benefits of abatement? A) GDP calculations include an adjustment based on environmental quality (for example, worse environmental quality reduces GDP). B) Asking citizens for their willingness to pay for a ‘greener’ environment may result in policies that lead to improvements in environmental quality experienced by the poor, while not affecting the quality experienced by the rich. C) In the contingent valuation method, the pollution due to landfill waste is estimated using the differences in the house prices according to the proximity to a landfill site. D) In the hedonic pricing method, the cost of noise pollution near an airport is estimated using the differences in house prices according to their proximity to the airport
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1E: The forecasting staff for the Prizer Corporation has developed a model to predict sales of its...
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Which of the following statements is correct regarding valuation of the benefits of abatement?
A) GDP calculations include an adjustment based on environmental quality (for example, worse environmental quality reduces GDP).
B) Asking citizens for their willingness to pay for a ‘greener’ environment may result in policies that lead to improvements in environmental quality experienced by the poor, while not affecting the quality experienced by the rich.
C) In the contingent valuation method, the pollution due to landfill waste is estimated using the differences in the house prices according to the proximity to a landfill site.
D) In the hedonic pricing method, the cost of noise pollution near an airport is estimated using the differences in house prices according to their proximity to the airport
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