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2 cards from this section. Quick, good the night before a test.
Define the term ecosystem services.
Think about what nature gives us.
What is market pricing?
Relate it to prices you see in stores.
What are provisioning services?
Consider what nature directly gives us.
True or False: Contingent valuation involves market prices to determine the value of ecosystem services.
Think about how this method gathers information.
Design an ecosystem valuation study for a local wetland. What methods would you use, and what factors must be considered?
Include both ecological and social perspectives in your plan.
Critique a recent economic policy that failed to account for ecosystem service value. What alternatives could improve this situation?
Think of the repercussions of ignoring environmental costs.
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