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For many costs and benefits associated with government projects/actions, there are no market prices.How do governments value, for instance, time, life, and natural resources? How

For many costs and benefits associated with government projects/actions, there are no market prices.How do governments value, for instance, time, life, and natural resources? How might the U.S. government (or the State of Arizona) value the Grand Canyon, one of the wonders of the world?

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