Question: Suppose that the World Bank is considering funding a dam project in the developing country of Hydroland which will generate hydroelectricity and reduce flooding. The reservoir will be used for recreation but will require relocation of several villages. You have been hired by the Bank to determine the economic costs and benefits of the dam. Develop a list of potential costs and benefits. Be sure to include at least two potential ecosystem service impacts and one nonuse cost or benefit. For each of these impacts, what nonmarket valuation techniques do you think are appropriate for estimating the economic value?