Which of the following policies has succeeded in reducing fishery catch sizes without creating an "arms race" among fishers?

A. Limiting the length of the catch season.
B. Limiting the number of boats allowed in a given area.
C. Limiting catch size (TAC).
D. Issuing individual transferable quotas (ITQs).

Answer: D

Economics

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According to classical growth theory, people earn only a subsistence real income because of growth in

A) technology. B) employment. C) population. D) labor productivity. E) capital.

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It can be said that ____ laid the foundation for the Industrial Revolution

a. the discovery of the Americas b. private property rights c. the invention of the cotton gin d. the discovery of gold e. the development of a strong judicial system

Economics