FORESTRY
FOREST PRODUCTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Productivity method can be used to monetize indirect use values 2. Productivity methods needs intervention in order to be applied. Which statement/s is/are true?
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1 only
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2 only
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Both 1 and 2
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Neither 1 nor 2
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Explanation:
Detailed explanation-1: -The production-function method The production-function method (otherwise known as “change-in-productivity approach”, “effect on production approach”, or “valuing the environment as an input”) seeks to exploit the relationship between environmental attributes and the output level of an economic activity.
Detailed explanation-2: -The production function approach was the first widely employed method for examining the impact of public capital in private production. It extends back at least as far as Meade (1952) who develops production function specifications that include public capital.
There is 1 question to complete.