EC238 Final: Quiz
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Specify the government regulations necessary to carry out the project. Clearly specify the project including its scale and perspective. stimate the social costs and benefits of the inputs and outputs of the project. random2. Using the data in the following table, we can compute the expected value of the number of industrial spills in a year to be: Hedonic estimation using property and wage data, preventative expenditures and surrogate markets are examples of: econometric methods. contingent valuation methods. revealed preference methods. benefits transfer methods. random6. Using the data in the following table showing the costs and benefits of a project over time along with the appropriate discount factors for each period, the net present value of the project is: eriod costs. The resources devoted to monitoring the behaviour of firms subject to environmental regulations and to the sanctioning of violators are called: enforcement costs. pollution-control costs. environmental costs. unintended consequences. random1.
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