IPansférable Quotas (ITQ) were proposed for New Zealand fisheries in 1983 and finally introduced in 1986. These quotas are permanent but restricted to a given species and location. Together the ITQS add up to a Total Allowable Catch (TAC). New Zealand's individual transferable quota (ITQ) system provides incentives for the industry to O reduce the cost of fishing. O decrease the TAC. O creates a perfectly competitive market, reason why economist like regulations. O Increase the TAC. increase the cost of fishing
IPansférable Quotas (ITQ) were proposed for New Zealand fisheries in 1983 and finally introduced in 1986. These quotas are permanent but restricted to a given species and location. Together the ITQS add up to a Total Allowable Catch (TAC). New Zealand's individual transferable quota (ITQ) system provides incentives for the industry to O reduce the cost of fishing. O decrease the TAC. O creates a perfectly competitive market, reason why economist like regulations. O Increase the TAC. increase the cost of fishing
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Individual Transferable Quotas (ITQ) were proposed for New Zealand fisheries in 1983 and finally
introduced in 1986. These quotas are permanent but restricted to a given species and location.
Together the ITQS add up to a Total Allowable Catch (TAC). New Zealand's individual transferable
quota (ITQ) system provides incentives for the industry to
reduce the cost of fishing.
decrease the TAC.
O creates a perfectly competitive market, reason why economist like regulations.
O Increase the TAC.
increase the cost of fishing.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4aed8536-3c0e-4eb2-8d93-75d2123e738e%2F4477f103-9410-4f7c-b8e5-0e9a605c56e0%2Fco1ztqec_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Individual Transferable Quotas (ITQ) were proposed for New Zealand fisheries in 1983 and finally
introduced in 1986. These quotas are permanent but restricted to a given species and location.
Together the ITQS add up to a Total Allowable Catch (TAC). New Zealand's individual transferable
quota (ITQ) system provides incentives for the industry to
reduce the cost of fishing.
decrease the TAC.
O creates a perfectly competitive market, reason why economist like regulations.
O Increase the TAC.
increase the cost of fishing.
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