Which of the following is a nonuse value?

Question

Quizplus · Accepted Answer

Nonuse value refers to the value people place on the existence of a natural resource or ecosystem, irrespective of their use or potential use of it. In the given figure, only existence value is associated with nonuse value, making option A the correct choice. Monetary cost and mitigation cost are associated with the use and management of the resource, making them direct use values. Willingness-to-pay value and utilitarian value are associated with the benefits obtained from the use of the resource, making them indirect use values.

Which of the Following Is a Nonuse Value