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Which of the following is most correct with respect to an environmental economist's approach to environment decision making? Group of answer choices Since costs will
Which of the following is most correct with respect to an environmental economist's approach to environment decision making? Group of answer choices Since costs will generally increase with increasing protection, economists will advise tackling the toughest projects first to yield the largest return on investments immediately. Hedonic pricing can be used to estimate the value people place on environmental amenities by studying market behaviours. When it is not possible to determine an exact value to an environmental amenity, economists will use a supply and demand curve to provide an estimate. A survey tool commonly used to determine consumers' willingness to pay for environmental features is called a precautionary valuation. All of the answers are correct
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