Asked by
Jaydyn Montalvo
on Oct 26, 2024
Verified
The government can intervene to avoid overfishing by using which approach(es) ? I.assigning property rights
II.imposing a tax on usage
III.granting a limited number of tradable fishing permits
A) I only
B) II only
C) I and II only
D) I,II,and III
Tradable Fishing Permits
Tradable fishing permits are regulatory tools that allow for the buying, selling, and trading of fishing rights among fishermen, aiming to manage and conserve fish stocks effectively.
Property Rights
Legal rights over the use, control, and transfer of property, which may include physical objects, intellectual properties, or resources.
- Acquire insight into how government intervention functions to prevent the overexploitation of communal assets.
- Understand a range of economic mechanisms and policies, including Pigouvian taxes, tradable permits, and property rights, aimed at mitigating externalities and attaining efficient distribution of resources.
Verified Answer
DJ
Learning Objectives
- Acquire insight into how government intervention functions to prevent the overexploitation of communal assets.
- Understand a range of economic mechanisms and policies, including Pigouvian taxes, tradable permits, and property rights, aimed at mitigating externalities and attaining efficient distribution of resources.
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