Scientists Have Said for Years Cod Was So Seriously Overfished

question 224

Multiple Choice

Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse. "To ensure this recovery… Ministers agreed a 10 percent cut in days at sea (for North Sea cod) ," EU Fisheries Commissioner Joe Borg stated in 2008. What is the goal of this policy?

• A) To reduce the number of fishing days to the point where marginal cost per day equals marginal benefit
• B) To reduce the number of fishing days to the point where marginal social cost per day equals marginal benefit
• C) To reduce the number of fishing days to the point where marginal social benefit per day equals marginal benefit
• D) To reduce the number of fishing days to the point where marginal social cost per day equals marginal social benefit

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Definitions:

Leptin

A hormone involved in regulating energy balance by inhibiting hunger, which helps to regulate body weight.

Ghrelin

A hormone produced by the stomach that stimulates appetite.

Intrinsic Motivation

The drive to engage in activities for their inherent satisfaction rather than for some separable consequence.

Optimal Level of Arousal

A theory suggesting that individuals have a preferred level of stimulation or arousal that they seek to maintain by increasing or decreasing stimulation.