1. [Reading] Read the following article:
Richardson, L., Loomis, J., Kroeger, T. & Casey, F. (2015). The role of benefit transfer in ecosystem service valuation. Ecological Economics, 115, 51 – 58. Retrieved from
https://www-sciencedirect-com.ezproxy.library.uvic.ca/science/article/pii/S0921800914000652
Concept 1 (In your own words) (2 marks)
Concept 2 (In your own words) (2 marks)
Concept 3 (In your own words) (2 marks)
Question 2: What are 2 concepts, ideas or issues in the article that you had difficulty understanding, or that are missing but should have been included? In your own words , briefly explain what you did to correct the situation (e.g. looked up an unfamiliar word or a missing fact), and the result. Cite any sites or sources used in APA format.
Issue 1 (In your own words) (1 mark)
Citation 1 (in APA format) (1 mark)
Issue 2 (In your own words) (1 mark)
Citation 2 (in APA format) (1 mark)
Question 3: What is the main economic story of the reading? (Economics studies the allocation of scarce resources.)
Story (In your own words) (2 marks)
