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

Question

Quizplus · Accepted Answer

All three approaches (assigning property rights, imposing a tax on usage, and granting a limited number of tradable fishing permits) can be used by the government to avoid overfishing. Assigning property rights gives individuals a stake in the fishery and incentivizes them to conserve stocks. Imposing a tax on usage makes overfishing more expensive and disincentivizes excessive fishing. Granting a limited number of tradable fishing permits creates a cap on the amount of fish that can be caught, and incentivizes fishers to conserve fish stocks to maintain the value of their permits. A combination of approaches can be even more effective in preventing overfishing.

The Government Can Intervene to Avoid Overfishing by Using Which