The Massive Decline of a Particular Fishery in New England

question 33

Multiple Choice

The massive decline of a particular fishery in New England waters caused the unemployment of numerous fishers and related workers in the United States and Canada in the 1980's.To date,this fishery has not recovered.Which fishery is this?

• A)Salmon
• B)Clupeids
• C)Sea bass
• D)Cod
• E)Sharks

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Definitions:

Net Fixed Assets

The value of a company's permanent assets less any depreciation that has been accounted for.

Depreciated

The process of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Straight-Line

A technique for computing depreciation or amortization that involves uniformly distributing an asset's cost across its lifespan.

Assets

Resources owned by a person or entity that are expected to provide future economic benefits.