At first glance, the research reported in the Washington Post article Why We've Been Hugely Underestimating the Overfishingof the Oceans may appear to be only bad news for the world's stock of fish. However, researchers believe that their discoveryof how much overfishing has been underestimated could also be good news. Determine whether each statement should beconsidered good news or bad news based on the information in the article.Show Transcribed TextGood newsFisheries may be able to feed more people than previously thought.Answer BankPolicy made using FAO data could be poorly made because FAO data does not match reality.Severe declines in catches since the 1990s may be due to unsustainable fishing.Declines in catches have been even greater than FAO data suggests.Sustainable food production may be more at risk than scientists thought due to the fishing industry catching far more fish than previously believed.Bad newsWhen catches peaked, fisheries were actually much more productive than previously thought.

Fisheries is the economic sector that deals with the production and use of aquatic resources, mostly…

At first glance, the research reported in the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans may appear to be only bad news for the world's stock of fish. However, researchers believe that their discovery of how much overfishing has been underestimated could also be good news. Determine whether each statement should be considered good news or bad news based on the information in the article.

At first glance, the research reported in the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans may appear to be only bad news for the world's stock of fish. However, researchers believe that their discovery of how much overfishing has been underestimated could also be good news. Determine whether each statement should be considered good news or bad news based on the information in the article.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

At first glance, the research reported in the Washington Post article Why We've Been Hugely Underestimating the Overfishing
of the Oceans may appear to be only bad news for the world's stock of fish. However, researchers believe that their discovery
of how much overfishing has been underestimated could also be good news. Determine whether each statement should be
considered good news or bad news based on the information in the article.
Show Transcribed Text
Good news
Fisheries may be able to feed more people than previously thought.
Answer Bank
Policy made using FAO data could be poorly made because FAO data does not match reality.
Severe declines in catches since the 1990s may be due to unsustainable fishing.
Declines in catches have been even greater than FAO data suggests.
Sustainable food production may be more at risk than scientists thought due to the fishing industry catching far more fish than previously believed.
Bad news
When catches peaked, fisheries were actually much more productive than previously thought.

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