"Since It Is in the Interest of Fishers as a Group

question 29

Multiple Choice

"Since it is in the interest of fishers as a group not to over-exploit the stock of fish,conservation of fish stocks is not a problem." What is wrong with this statement?

• A)It does not recognize the fact that the supply of fish is inelastic.
• B)It does not recognize the fact that conservation practices by an individual fisher are rational only if all fishers practice them.
• C)It does not recognize the fact that more and more fish are now raised on fish farms.
• D)It fails to take into account the necessary interest-rate discounting of the asset of fish stocks.

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Definitions:

Media

Various means of communication, such as television, radio, newspapers, and the internet, that reach or influence people widely.

Profitable Export

A term which refers to goods or services that are exported from one country to another generating a positive financial return or profit.

Democratize The Internet

The process of making internet access and digital resources available and accessible to all people, ensuring equal opportunities for participation.

Spontaneous Activities

Unplanned actions or events that arise naturally or suddenly, without external coercion or predetermined structure.