The Total Allowable Catch (TAC)system Differs from the Individual Transferable

question 232

Multiple Choice

The total allowable catch (TAC) system differs from the individual transferable quota (ITQ) system in that

• A)TAC limits the total harvest of fish, while ITQ does not.
• B)ITQ limits an individual fishery's harvest, but TAC does not.
• C)TAC prevents an "individual arms race" among fisheries, whereas ITQ does not.
• D)ITQ does not offer significant cost-saving benefits, but TAC does.

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Definitions:

Independent Variables

Factors within an experiment or model that are intentionally altered to study their impact on outcome variables.

Residuals

The differences between observed values and the values predicted by a regression or other statistical model.

Parabolic Shape

The shape of the graph of a quadratic function, resembling a curve that opens upwards or downwards.