Ecosystem-Based Management Allows for Diverse Societal Use of Fish Stocks

question 51

Multiple Choice

Ecosystem-based management allows for diverse societal use of fish stocks including all of the following except

• A) tourism.
• B) ecosystem health.
• C) fishing down the food chain.
• D) fishing.
• E) recreation.

---

Definitions:

Optimal Consumption

refers to the situation in which a consumer allocates their income in a way that maximizes their overall satisfaction or utility, given their preferences and the prices of goods and services.

Demand Schedule

A demand schedule is a table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Responsiveness of Quantity

The degree to which the quantity demanded or supplied responds to changes in price, income, or other factors.