FORESTRY
FOREST PRODUCTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Travel cost method can be used if the tourism site is already developed and with significant number of tourists. 2. Travel Cost Method used zonal travel cost only. Which statement/s is/are false?
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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: -Using the zonal travel cost method a researcher can estimate the value of an asset by exploring the actual visitors or users of a site or asset, rather than potential visitors or users. The level of analysis focuses on the zones in which people live compared to the location of the asset.
Detailed explanation-2: -The travel cost method of economic valuation is a revealed preference method because it looks at actual human behavior to try to define the value people place on something. These visitors are split into “zones” depending on their distance travelled to the facility.
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