It is often important in cost-benefit analysis to distinguish between non-market values and direct values attached to direct use.Why is it important to include non-market values in an analysis?
A)non-market values are easier to estimate than direct use values
B)non-market values are more accurate than market values
C)non-market values reflect supply and demand more accurately
D)non-market values reflect the costs and benefits to society, not just to private individuals

Question

Quizplus · Accepted Answer

Non-market values reflect the costs and benefits to society, not just to private individuals. Including non-market values allows policymakers to consider the broader impacts of a decision on society as a whole, rather than just focusing on the direct economic impacts.

It Is Often Important in Cost-Benefit Analysis to Distinguish Between