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According to lecture, evaluating the abundance, and thus health, of fish stocks in pelagic fisheries like the Cod fishery in terms of steady catch rates or profits from fishing, is problematic because it: OIgnores the role that increasingly efficient fishing technology plays in keeping catches and profits steady, when fish populations may be declining O Assumes every fisherman is reporting their profits and catches accurately OIs based on estimates rather than hard numbers regarding catch and profit O Ignores the fact that pelagic fishers, like the cod fishery off the NE coast of North America, is regulated by community-based resource management

According to lecture, evaluating the abundance, and thus health, of fish stocks in pelagic fisheries like the Cod fishery in terms of steady catch rates or profits from fishing, is problematic because it: OIgnores the role that increasingly efficient fishing technology plays in keeping catches and profits steady, when fish populations may be declining O Assumes every fisherman is reporting their profits and catches accurately OIs based on estimates rather than hard numbers regarding catch and profit O Ignores the fact that pelagic fishers, like the cod fishery off the NE coast of North America, is regulated by community-based resource management

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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According to lecture, evaluating the abundance, and thus health, of fish stocks in pelagic fisheries like the Cod fishery in terms of steady catch rates or profits from fishing, is problematic because it: OIgnores the role that increasingly efficient fishing technology plays in keeping catches and profits steady, when fish populations may be declining O Assumes every fisherman is reporting their profits and catches accurately OIs based on estimates rather than hard numbers regarding catch and profit O Ignores the fact that pelagic fishers, like the cod fishery off the NE coast of North America, is regulated by community-based resource management
Transcribed Image Text:According to lecture, evaluating the abundance, and thus health, of fish stocks in pelagic fisheries like the Cod fishery in terms of steady catch rates or profits from fishing, is problematic because it: OIgnores the role that increasingly efficient fishing technology plays in keeping catches and profits steady, when fish populations may be declining O Assumes every fisherman is reporting their profits and catches accurately OIs based on estimates rather than hard numbers regarding catch and profit O Ignores the fact that pelagic fishers, like the cod fishery off the NE coast of North America, is regulated by community-based resource management
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