Question 2: True or false: Compensating variation always involves accepting money while equivalent variation always involves paying money. Question 3: True or false: Compensating variation always involves a monetary measure that will enable you to achieve your original level of utility while equivalent variation always involves a monetary measure that will enable you to achieve the 'new' level utility (i.e. utility level that arises from a price or policy change). Question 4: What is a main advantage of using the Contingent Valuation Method to assess environ- mental benefits? What is a main criticism of this method