Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse. In October 2008, they called for the EU to set the 2008 number of days fishermen are allowed to fish at less than half of 2006 levels. This policy is most like
A) a production quota.
B) property right.
C) an individual transferable quota.
D) marginal social benefit right.

Question

Quizplus · Accepted Answer

A production quota is a limit set on the amount of a specific product that can be produced or harvested, similar to limiting the number of days fishermen can fish to prevent overfishing.

Scientists Have Said for Years Cod Was So Seriously Overfished