Which of the following policies has succeeded in reducing fishery catch sizes without creating an "arms race" among fishers?

Question

Quizplus · Accepted Answer

Issuing individual transferable quotas (ITQs) has been effective in reducing fishery catch sizes without creating an "arms race" among fishers. ITQs allocate a specific portion of the total allowable catch to individual fishers or companies, who can then trade these quotas. This system incentivizes sustainable fishing practices and reduces the pressure to overfish, as each participant has a clear, vested interest in the health of the fishery.

Which of the Following Policies Has Succeeded in Reducing Fishery