Excessive Fishing Occurs Because

question 77

Multiple Choice

Excessive fishing occurs because

• A)each individual fisherman has little incentive to maintain the species for the next year.
• B)fishermen rely on government managers to worry about fish populations.
• C)fishermen are unionized, so they are not concerned with externalities.
• D)fishermen have other marketable skills and do not fear exploitation of fish reserves.

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Definitions:

U.S. Imports

Goods and services purchased by residents of the United States from other countries.

U.S. Exports

Goods and services produced in the United States that are sold to other countries.

Foreign Portfolio Investment

Foreign portfolio investment involves holding financial assets from a country outside of the investor's own country.

Net Capital Outflow

The difference between the domestic country's purchases of foreign assets and foreign investments in the domestic country over a specific period.