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The choice experiment method: Select one: a. Is an indirect, stated preference approach for valuing environmental...

The choice experiment method: Select one: a. Is an indirect, stated preference approach for valuing environmental improvements. b. Is an indirect, revealed preference approach for valuing environmental improvements. c. Is a direct, stated preference approach for valuing environmental improvements. d. Is a direct, revealed preference approach for valuing environmental improvements.

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Ans-c Is a direct,stated preference apporach for valuing environmental improvements.

Explanation-. The choice experiment consists of a finite number of alternatives that make up hypothetical choice situations, called choice sets. Each respondent chooses the preferred alternative for each choice set.Choice experiments have important advantages over other environmental valuation methods, such as contingent valuation and travel cost-type models, although many design issues remain unresolved.

Rahul Sunny answered 2 years ago
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