Assignment
I. Sustainability
A. For your chosen environmental issue, are the resources used renewable? Are there any used that are non-renewable? Describe the types of resources and whether or not they are naturally replenishable and non-depletable.
B. Analyze the effectiveness of these resources with regard to associated costs. Are there alternative resource options that are more cost effective?
II. Economic Valuation Methods
A. For your chosen environmental issue, were revealed preference and stated preference techniques utilized? Explain. What assumptions were made to warrant the use of a particular technique? Were these methods and techniques the most appropriate for this study? Why or why not?
B. What is the main use of the type of valuation method (consumptive value or non-consumptive value), and why is it of use in the larger economic situation? Could additional methods be used to study the impacts of this situation? Why are they the most appropriate way of measuring the impact identified?
Guidelines for Submission: Your submission should be two to three pages in length (not including title and references pages) and should use double spacing, 12- point Times New Roman font, one-inch margins, and citations in APA format.