Individual transferable quotas (ITQs) are like a ________, allowing ________.
A) subsidy; the internal benefit of fishing to be externalized
B) corrective tax; fishermen a tax write-off for capital purchases
C) permit; fishermen the right to catch a limited number of fish
D) cartel; fisherman to raise market prices by limiting competition

Question

Quizplus · Accepted Answer

Individual transferable quotas (ITQs) are permits that allow fishermen the right to catch a limited number of fish. These quotas can be bought or sold between fishermen, creating a market for fishery resources. This system is designed to promote sustainable fishing practices and prevent overfishing by limiting the total catch.

Individual Transferable Quotas (ITQs) Are Like a ________, Allowing ________

Individual Transferable Quotas (ITQs) Are Like a , Allowing