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1.a) Albiona argues with Zhao about the limitations of the approach of paying monetary compensation for solving environmental problems.

Q. Write two limitations that she may present to defend her stand.

1.b) Albiona believes that a Stated Preference Method should be used instead of Revealed Preference Method for estimating the true value of Pearl River in China.

Q. Explain briefly, what is the main difference between Stated Preference Method and Revealed Preference Method of valuation.

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 Kritika Krishnakumar
Kritika KrishnakumarLv10
28 Sep 2019

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