Which country created property rights to catching fish in 1986?
A) Mexico
B) Puerto Rico
C) Australia
D) New Zealand

Question

Quizplus · Accepted Answer

New Zealand created property rights to catching fish in 1986 with the introduction of the Quota Management System. This system granted fishing quota to individuals or companies, giving them exclusive rights to extract a certain amount of fish from the quota each year. This incentivized sustainable fishing practices and helped to prevent overfishing of New Zealand's waters.

Which Country Created Property Rights to Catching Fish in 1986