Individual transferable quotas (ITQs):
A. promote efficiency and limit catches.
B. promote efficiency in production but still lead to overfishing.
C. limit catches but encourage production cost increases that are inefficient.
D. have failed to limit catches or promote efficiency.
Answer: A
Economics
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A) efficiency concerns. B) equity concerns. C) both efficiency and equity equally. D) market inefficiency.
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Where the aggregate demand curve and the short-run aggregate supply curve intersect
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