8) Which is not a potential problem/difficulty associated with the contingent valuation method? a. Inappropriate for estimating non-use value of resources b. Possibility of respondents ignoring income constraint and ignoring availability of substitutes of goods being valued Possibility of respondents misstating their willingness to pay d. Precise explanation of environmental attribute being valued C. 9) A cost-benefit analysis is: a. An ex-ante instrument that makes it possible to optimally allocate scarce resources b. An instrument to prevent regulatory failures. An instrument to obtain Hicks-Kaldor optimal decisions. d. All of the above are correct. C 10) Cost-utility analysis has the following disadvantage: a. The discounting of future years is actually not correct. b. Because survey techniques have to be used, it is always hypothetical. C. Costs still need to be quantified. d. All of the above