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Suppose that the government of a developing country is considering the establishment of a national
park in a scenic forested area. Local opposition arises from those who wish to use the forest land
for timbering and agriculture. But the national park would draw both local and foreign visitors as
tourists. Could cost-benefit analysis aid the decision on whether to establish the park? What factors
would you consider, and how would you measure their economic value?

Respuesta :

GinnyAnswer

Final answer:

Cost-benefit analysis can help decide on establishing a national park by evaluating economic factors like benefits and costs.


Explanation:

Cost-benefit analysis can indeed aid in deciding whether to establish a national park in a forested area. Factors to consider include economic value measurement, such as estimating the willingness-to-pay of potential park users. It is crucial to weigh the benefits of tourism against the potential costs to the local community involved in timbering and agriculture.


Learn more about Importance of Cost-Benefit Analysis in National Park Establishment here:

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