Match List-I with List-II:

​List-I	List-II
(A) Travel cost method	(I) Sustainable development
(B) Stern review	(II) Exhaustible resources​
(C) Brundtland commission report	(III) Climate change
(D) User cost	(IV) Environmental valuation​

Choose the correct answer from the options given below:

​

Correct option is C

Correct Option: 3.  (A)-(IV), (B)-(III), (C)-(I), (D)-(II)
Information Booster:

• (A) Travel cost method → (IV) Environmental valuation
  Travel cost method is used to estimate economic value of recreational sites and environmental amenities.
  
• (B) Stern review → (III) Climate change
  The Stern Review (2006) is a landmark report on the economics of climate change.
  
• (C) Brundtland commission report → (I) Sustainable development
  The Brundtland Commission (1987) defined sustainable development in "Our Common Future".
  
• (D) User cost → (II) Exhaustible resources
  User cost refers to the opportunity cost of using exhaustible resources today rather than conserving for future use.
  

Additional Knowledge:

• Travel cost method uses revealed preferences from actual travel behavior.
• User cost is important in Hotelling's rule for optimal resource extraction.