The county supervisor sends out a survey via U.S.mail asking residents how much they are each willing to pay toward a new community swimming pool.This is an example of:
A) contingent valuation.
B) revealed preference valuation.
C) cost-benefit analysis.
D) social discounting.

Question

Quizplus · Accepted Answer

The survey sent out via U.S. mail asking residents how much they are willing to pay toward a new community swimming pool is an example of contingent valuation. Contingent valuation is a method used in economics to estimate the economic value of goods and services that have no market price.

The County Supervisor Sends Out a Survey Via U