The United Nations reports that at least 11 of the world's 15 primary fishing grounds are seriously depleted.This is an example of a(n)_____
A)negative externality.
B)transaction cost.
C)sunk cost.
D)positive externality.
E)moral hazard.

Question

Quizplus · Accepted Answer

The depletion of fishing grounds represents a negative externality, which refers to a cost imposed on third parties who are not involved in the fishing activity. In this case, the depletion of fishing grounds affects fish stocks, marine biodiversity, and the livelihoods of fishing communities, among other negative impacts. The depletion can be attributed to various factors such as overfishing, illegal fishing, climate change, and pollution, among others. This highlights the need for better management practices to ensure sustainable fishing and protect the environment.

The United Nations Reports That at Least 11 of the World's