People’s valuation associated with reducing global warming damages 200 years from now are most likely? a)...
People’s valuation associated with reducing global warming damages 200 years from now are most likely?
a) Consumptive use value
b) Non-consumptive use value
c) Bequest value
d) Option value
e) Existence value
This is a past test question that I am using to study for an upcoming test. Please explain why.
Homework Answers
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Ans: C. Bequest value.
Reason: It is the value of satisfaction from preserving a natural environment or a historic environment, in other words natural heritage or cultural heritage for future generations. It is often used when estimating the value of an environmental service or good.
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