New Zealand's individual transfer quotas:
I. work by limiting the amount of fish that each individual fisherman can fish.
II. resulted in reduced fish catches after they were established.
III. work just like the tradable pollution allowances in the United States.
A) I only
B) I and III only
C) III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Individual transfer quotas in New Zealand limit the amount of fish that each fisherman can catch, which is similar to tradable pollution allowances in the United States. These quotas have been successful in reducing overfishing and promoting sustainable fishing practices, but have also led to reduced fish catches as a result. Therefore, options I and III are correct, while option II is also true.

New Zealand's Individual Transfer Quotas