3. What is your understanding of economic valuation of natural resources? Briefly describe the instrumental and...

3. What is your understanding of economic valuation of natural resources? Briefly describe the instrumental and intrinsic values as typologies of economic valuation.

Expert Solution

striving to put environmental goods and services and the natural goods, resources at monetary terms.it is an indicator which supplies the information about the different values of environmental goods and environmental services.the five economic values which are taken into consideration are:1) efficiency 2) speed 3) reliability 4) case of use 5) flexibility 6) status
7) emotions 8)cost
Instrumental value means such value of environmental resources which have a valuable end.these include a wide range of values ranging directly from use of food and use of timber species till the unuse of different values of cultural and spiritual.it includes estimates of damages of natural resources and assessment of the same.Intrinsic values refer to the values for ownself despite of the utility for anyone else.environmental resources existed structure and process compose the intrinsic properties.humanism is an important environmental resources having intrinsic values

Rahul Sunny answered 2 years ago

what are 3 sources of errors during land survying other than natural, personal and instrumental (not...

what are 3 sources of errors during land survying other than natural, personal and instrumental (not types) ?

Long-Run Economic Growth and Natural Resources List four reasons why some countries with limited natural resources,...

Long-Run Economic Growth and Natural Resources List four reasons why some countries with limited natural resources, such as Japan and Singapore, have been able to achieve high rates of long-run economic growth,

Describe your understanding of the basic economic problem, or the “economizing problem.” In your answer, consider...

Describe your understanding of the basic economic problem, or the “economizing problem.” In your answer, consider today’s Western standard of living with access to fresh water, abundant food, and spacious housing. Compare this to the standard of living at the turn of the previous century (1899-1900). What are the differences? In light of Principle 8, “A country’s standard of living depends on its ability to produce goods and services” (Chapter 1, Section 1-3a), explain how each of the following categories...

Briefly describe the types of economic systems. What is the United States’ economic system and what...

Briefly describe the types of economic systems. What is the United States’ economic system and what are the characteristics of this economy? What economic role or functions does the U.S. government conduct regularly? Why is the U.S. government’s economic role important or unimportant for the U.S. economy? Discuss whether you favor a larger or smaller government role in the economy.

In essay format with at least two sources in APA format. Briefly describe your understanding of...

In essay format with at least two sources in APA format. Briefly describe your understanding of how and why managers use budgets. What types of budget approaches are typically used in for-profit companies as opposed to non-profit organizations? Explain at least two different budget methods. Describe a minimum of two ways in which a personal budget is similar to a business budget. Elaborate your response.

Briefly describe your understanding on the role/functions of each element of the AIS model that follows....

Briefly describe your understanding on the role/functions of each element of the AIS model that follows. Provide example where applicable: (i) Data Sources (ii) Data collection (iii) Data processing (iv) Information Generation (v) Feedback

Multinational corporations might own a) Natural resources in another country. Give 3 examples of these natural...

Multinational corporations might own a) Natural resources in another country. Give 3 examples of these natural resources. b) Production facilities in another country. Give 3 examples of production facilities. c) Distribution facilities in another country. Give 3 examples of distribution facilities.

Briefly describe the stages of economic integration.

Principles of Economics: “Because the environment is fragile and natural resources are finite, ultimately economic growth...

Principles of Economics: “Because the environment is fragile and natural resources are finite, ultimately economic growth must come to an end.” Please reply with reference and citation (250 words) no plagiarism please.

____ 1.. Which of the following statements about basic economic inputs is false? a. Natural resources...

____ 1.. Which of the following statements about basic economic inputs is false? a. Natural resources are basic economic inputs. b. Physical capital and human capital are both basic economic inputs. c. Physical capital increases if we build more oil drilling rigs. d. Human capital can never increase unless our population grows. ____ 2. Researchers have investigated citizen’s demand for local hiking trails. Assume the area currently has an average quantity of hiking trails. Which of the following statements is...

Question