Since Economic Valuation of Benefit Is Based on the Concept

Multiple Choice

Since economic valuation of benefit is based on the concept of WTP, this implies that…

A) The benefits from improved environmental quality are equal to the value of the
environment.
B) The benefits from improved environmental quality are greater than the value of the
environment.
C) The benefits from improved environmental quality are the preferences of people for an
environmental good.
D) The benefits from improved environmental quality are greater than the preferences of
people for an environmental good.