Which of the following statement(s) is/are CORRECT for environmental evaluation?
A. Travel cost method measures the recreational values of Environmental Resources
B. Hedonic pricing is used for environmental amenities associated with property values
C. Replacement cost method is used by substituting natural resources with a man-made equipment
D. Defensive expenditure deals with preventive measures
Choose the correct answer from the options given below:
1
A and B only
2
B and C only
3
C only
4
A, B, C and D