A Successful Approach to Keeping a Fishery at a Constant

Question

A successful approach to keeping a fishery at a constant level of effort and return is
A) A 200-mile limit from shore
B) Individual transferable quotas
C) Blanket quotas on a whole fishery
D) Establishment of more government management commissions

Accepted Answer

Individual transferable quotas (ITQs) are a successful approach to managing fisheries because they allocate a specific portion of the total allowable catch to individuals or companies. This system incentivizes conservation and efficient use of the resource, as quota holders have a direct interest in ensuring the sustainability of the fishery to protect their investment.