a. The nation of Alphaville has been hunting their deer population to extinction. The government decrees strict limits on the number of hunters, and on the num­ber of rounds of ammunition that each hunter can take into the hunt. Hunters, like fishermen, are a creative lot: What will “capital stuffing” look like in this case? b. What would an individual transferable quotas (ITQ) system look like in this case? c. Do real governments use quotas like this to control deer populations? If you don’t know the answer, just ask your classmates: There’s probably a hunter or two in your course.

Question
Asked Dec 3, 2019
45 views

a. The nation of Alphaville has been hunting their deer population to extinction. The government decrees strict limits on the number of hunters, and on the num­ber of rounds of ammunition that each hunter can take into the hunt. Hunters, like fishermen, are a creative lot: What will “capital stuffing” look like in this case? 

b. What would an individual transferable quotas (ITQ) system look like in this case? 

c. Do real governments use quotas like this to control deer populations? If you don’t know the answer, just ask your classmates: There’s probably a hunter or two in your course.

check_circle

Expert Answer

Step 1

a) Capital stuffing in fisheries involve huge investment in highly productive equipments so as to increase the fishing capacity, reduce the fishing effort, and offset the fishing regulation. Fishers invest excessively in productive inputs like hull, gear, and engine. They use more powerful and expensive riffles and laser sights so that they can catch more fish in each round.

Step 2

b) Individual transferable quotas (ITQ) or Individual fishing quotas (IFQ) is a means by which the government regulates the fishing activities. Regulators define a specie-specific total allowable catch (TAC) for a...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Explain how each of the following developments would affect the supply of money , the demand for mon...

A: Click to see the answer

question_answer

Q: A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two ...

A: Marginal product of labour an dcapital can be calculated as shown below.

question_answer

Q: Do people on fixed incomes benefit or loose out from periods ofrelatively high inflation?

A: Inflation is defined as a continuous rise in the price level, which would cause a value of money tha...

question_answer

Q: In 2008 the Fed reduced both the discount and federal fund rates dramatically.  But bank loan volume...

A: A drop-in discount rate encourages banks to lower the rate of interest they charge on loans. Due to ...

question_answer

Q: 1 )The entry of firms into a competitive industry causes the supply curve toa. increase its slope.b....

A: Since you've not mentioned which question you'd like answered, we'd answer the first one as we can a...

question_answer

Q: This is the question EXACTLY as my instructor asked it, I am lost... Assume that in the market for R...

A: The exchange rate is the rate at which a domestic currency is being exchanged with the foreign curre...

question_answer

Q: 5. Your aunt is thinking about opening a hardware store. She estimates that it would cost $500 000 p...

A: a.Opportunity cost is the value of the next best alternative that we foregone while making a decisio...

question_answer

Q: Explain the three reasons the aggregate-demand curve slopes downward. Give an example of an event th...

A: The curve that depicts total quantity of  goods and services demanded at given different price level...

question_answer

Q: how to keep a realistic budget with personal economy?

A: The realistic budget that can be created with personal economy are:Get all the financial statements:...