Total Allowable Catch Policies and Individual Transferable Quotas Both

question 140

Multiple Choice

Total allowable catch policies and individual transferable quotas both

• A)limit catch sizes and promote efficiency.
• B)limit catch sizes, but TACs promote inefficiency.
• C)promote efficiency, but only TACs limit catch sizes.
• D)promote efficiency, but only ITQs limit catch sizes.

---

Definitions:

Merchants

Individuals or entities engaged in the sale of goods and services, often within specific sectors or industries, playing a crucial role in the economy.

Negotiable Instrument

A formal written commitment to pay a particular amount of money, either when asked or at an agreed-upon time, with the individual who will make the payment specified in the document.

Enforceable Assignment

A transfer of rights or property that is valid under law, allowing the assignee to enforce the assignment against the assignor and possibly against third parties.

Words Of Negotiability

Words of negotiability are specific phrases or terms included on financial instruments like checks or promissory notes that allow them to be transferred from one party to another.