16) Consider the following figure, describing welfare changes corresponding to a change in a nonmarket good q: P, " ( Po. 4, Q' , U') B P, (P'. 4, 0' , U') Which areas correspond to the Compensating Value (CV) and the Equivalent Value (EV)? A) CV = B, EV = A B) CV = A+B, EV = B C) CV = A, EV = A+B D) CV = B, EV = A+B 17) What are auxiliary questions? A) Questions that help you establish why the person decided to take the survey B) Questions about the respondent characteristics C) Questions that test how interested the respondent is in the survey D) Questions about the site characteristics 18) Due to combinatorics, a 5 attribute, 4 level survey would have 1024 profiles. What can we do to avoid asking more than a thousand questions? A) Random sampling of attributes B) Change the experimental design C) Lower the number of attributes D) Lower the number of levels 19) What method would you use to find the value of clear lake water in Lake Geneva, Wisconsin? (Note: the lake is completely built up on its shores with summer houses) A) Hedonic B) Contingent Valuation C) Travel Cost D) Choice Experiment