Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Who developed the Contingent Valuation Method (CVM), and in which decade was it formalized for use in environmental economics?

1

Harold Hotelling, 1940s

2

Adam Smith, 1770s

3

Clive Spash, 1980s

4

Robert Costanza, 1990s

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