IPansférable Quotas (ITQ) were proposed for New Zealand fisheries in 1983 and finally introduced in 1986. These quotas are permanent but restricted to a given species and location. Together the ITQS add up to a Total Allowable Catch (TAC). New Zealand's individual transferable quota (ITQ) system provides incentives for the industry to O reduce the cost of fishing. O decrease the TAC. O creates a perfectly competitive market, reason why economist like regulations. O Increase the TAC. increase the cost of fishing
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- Bluefin tuna is very popular; however, its supply is being reduced through global overfishing and pollution. Therefore U.S. placed it on its watch list. Their observations indicated that many fisherman currently fish more than the legal quota. This excess overfishing may require official protection if unable to police fishing and preserve habitats. Based on Bluefin tuna case answer the following three questions: Why is the price of Bluefin tuna skyrocketing? Explain your answer Why might the U.S. be reluctant to place the Bluefin tuna on the endangered species list? Explain your answer What are some of the consequences of acting too slowly or too quickly in their assessment? Explain your answerWhich of the following best represents the primary economic and financial benefit to the U.S. from NAFTA? It led to increased tariffs on U.S. exports to Canada and Mexico. U.S. consumers had access to a wider variety of products. It resulted in the relocation of major U.S. corporations to Europe. The U.S. benefited from low-price manufacturing, low-priced labor, and reduced shipping and logistics costs.Environmental scientists David Pimentel, Rodolfo Zuniga, and Doug Morrison of Cornell University reviewed scientific estimates for the economic and ecological costs imposed by introduced and invasive species in the United States. They found that, as of 2005, approximately 50,000 species had been introduced in the United States and that these accountedfor over $120 billion in economic costs each year. These costs include direct losses and damage, as well as costs required to control the species. (The researchers did not quantify monetary estimates for losses of biodiversity, ecosystem services, and aesthetics, which they said would drive total costs several times higher.) Calculate values missing from the table to determine the number of introduced species of each type of organism and the annual cost that each imposes on our economy. Organisms that damage crop plants are the most costlyof introduced species. Weeds, pathogenic microbes, andarthropods that attack crops together account…
- For each of the following policy changes, explain why the change is or is not likely to be a Pareto improvement.1)Protecting the automobile industry from cheap foreign imports by imposing quotas on the importation of foreign cars.2)ncreasing medical facilities for lung cancer, financed out of an increase in the cigarette tax.Which of the following is an example of managing economic exposure by flexible sourcing policy? An American company sells its products in Brazil and Portugal. Reduced sales in Brazil due to the dollar appreciation against the “real” can be compensated by increased sales in Portugal due to the dollar depreciation against the euro. If yen is strong, it is preferable for a Japanese company to open a manufacturing subsidiary in the U.S. to produce and sell its products there. An American IT company hires software developers in Ukraine because of the weak position of grivna against dollar. A Canadian company spends a lot of money for research & development activities to improve its reputation and gain more customers.BSF Limited is an Indian multinational company. It ships pre-packaged snacks to Hong Kong, the United Kingdom, and the United States, where sales affiliates resell these snacks. BSF, as the parent company, engages in numerous intrafirm transactions with its affiliates. Since the outbreak of COVID-19, BSF is concerned about the funds that it has in its Hong Kong affiliate. Therefore, BSF has decided that it should re-examine its transfer pricing policy with its Hong Kong affiliate to reposition funds from Hong Kong to India. The corporation tax rate in Hong Kong is 35%, whereas it is 21% in India. At present, BSF charges Hong Kong affiliate a transfer price of $100 for a Box of Snacks. Since transfer pricing is a well-known tax avoidance method or fund repositioning, Hong Kong tax authority has been vigilant in tackling such incidences. Answer the following questions related to the transfer pricing: A. What do you recommend that BSF should do for repositioning funds from Hong Kong to…
- QUESTION 1: Which groups benefited most from China imposing an export quota on rare earth metals? Did it give the Chinese domestic manufacturers a significant cost advantage? Did it result in dramatically increased quality and environmental standards? QUESTION 2: Given that 97 percent of rare earth metal production is now done in China, an increase from 27 percent to 97 percent between 1990 and 2010, do you think countries such as Australia, Canada, and the United States should reconsider their environmental restrictions on the production of such metals? QUESTION 3: The restrictions imposed by China on rare earth metals has resulted in some companies (e.g. Toyota, Renault, Tesla) starting to look for alternatives. They plan to use parts that do not include rare earth metals. Is this a good solution?A manufacturing company plans to expand their production and logistics facility into one of the countries listed in the following table. The cost of building such facilities in each country differ based on the state of its economic and political climate. What is the best decision alternative using MINIMAX REGRET decision criterion? What is the best decision alternative using criterion of realism at alpha = 0.8?Which of the following condition that is likely to force the U.S. firms to establish a subsidiary in the foreign country even if production costs are higher in a foreign country. A. The host government of that country increases all quotas. B. The host government of that country eliminates all quotas. C. The host government of that country eliminates all tariffs. D. The host government of that country reduces all quotas.
- FAO-Funded Aquaponics Project Launched In BarbadosBarbados GIS – The United Nations Food and Agriculture Organization (FAO) hascollaborated with the Ministry of Maritime Affairs and the Blue Economy, and local businessAdams Aquafarms, on a project to train persons in aquaponics.Aquaponics is a sustainable way of integrating land-based fish farming with plant production.Both are placed in a tank, and the set up allows for them to coexist, with the waste producedby the fish fertilizing the plants, while the plants purify the water for the fish.The training, funded by the FAO, will take place at a demonstration facility, located atAdams Aquafarms, Hopewell, St. Thomas. The FAO is currently targeting 30 entrepreneursand 10 teachers.Minister of Maritime Affairs and the Blue Economy, Kirk Humphrey, believes the projectwill be “transformative”, as it has the potential to empower Barbadians.“In aquaponics, you have the opportunity to have, at the same time, multiple sources ofincome [because]…In a developing country, two alternatives are under consideration for delivering water from a mountainous area to an arid area in the country’s southern region. A coated heavy-gauge plastic pipeline can be installed,with pumps spaced appropriately along the pipeline. Alternatively, a canal can be built; however, it will have greater water loss than the pipeline, due to evaporation and poaching along the canal route. To compensate for the water loss, the canal will have a greater carrying capacity than the pipeline. It is estimated it will cost $125 million to install the pipeline. Major replacements are planned every 15 years at a cost of $10 million. Pumping and other annual operating and maintenance costs are estimated to be $5million. The canal will cost $200 million to construct; its annual operating and maintenance costs are anticipated to be $1 million. Major upgrades of the canal are anticipated every 10 years, at a cost of $5 million. Based on a five percent MARR and an…Thurmond, Inc., has two divisions, one located in New York and the other located in Arizona. New York sells a specialized circuit to Arizona and just recently raised the circuit’s transfer price. This price hike had no effect on the volume of circuits transferred nor on Arizona’s option of acquiring the circuit from either New York or from an external supplier. On the basis of this information, which of the following statements is most correct? a. The profit reported by New York will increase and the profit reported by Arizona will increase. b. The profit reported by New York will decrease, the profit reported by Arizona will increase, and Thurmond’s profit will be unaffected. c. The profit reported by New York will increase, the profit reported by Arizona will decrease, and Thurmond’s profit will be unaffected. d. The profit reported by New York will increase and the profit reported by Arizona will decrease.