Unit 8: Renewable Resources: Ch.18

Question 1

What is a SOURCE function

Answer 1

PROVISION of materials for human use

Question 2

What is a SINK function

Answer 2

ABSORPTION of waste products from human activity

Question 3

What is an Open Access Resource

Answer 3

Unrestricted/ Unregulated Access

Question 4

What are ECONOMIC Principles of Resource Management

Answer 4

Maximize Profit
Production Efficiency
Efficient intertemporal resource allocation

Question 5

Ecological Principles of Resource Systems

Answer 5

-Harvest/ Withdrawal rates should not exceed amt that is regenerated by natural processes
-Maximum Sustainable Yield

Question 6

What is Population Biology

Answer 6

Study of how the population of a species changes as a result of environmental conditions
-S shape tending towards upper limit

Question 7

What is Critical Minimum for Population

Answer 7

Population must stay above this to avoid extinction

Question 8

What is Carrying Capacity

Answer 8

Supply of food and life support naturally available

Question 9

What is the ECONOMIC OPTIMUM

Answer 9

Maximizes Economic Criteria-Efficiency/Profits
MR=MC

Question 10

What is the relationship b/w Total Costs & Total Revenues in OPEN ACCESS EQUILIBRIUM

Answer 10

Total Costs = Total Revenues
Profits are 0

Question 11

What are the 3 Categories of Fisheries

Answer 11

-Underfished
-Maximally Sustainable Fished-Harvest Levels near MSY
-Overfished

Question 12

What is Open Access Equilibrium

Answer 12

Level use of an open-access resource that results from a market with unrestricted entry
-may lead to depletion of the resource

Question 13

What are some recommendations for Sustainable Fisheries Mgmt

Answer 13

-Removal of open access condition
-Institute secure marine tenure/property rights
-Remove Subsidies
-Invest in Science/ Infrastructure/ Human capital

Question 13

What are some policies to manage sustainable fisheries

Answer 13

Exclusive Economic Zones
Individual Transferable Quotas

Question 13

What are EXCLUSIVE ECONOMIC ZONES

Answer 13

Countries limit access to fisheries
200 miles from coastline

Question 14

What is Market Failure

Answer 14

Unregulated Market
Fails to produce outcome that is beneficial to society as whole

Question 15

What are INDIVIDUAL TRANSFERABLE QUOTAS

Answer 15

Max limit on quantity of fish that can be taken
Catch & Sell Fish
OR
Sell Permit

Question 16

What is the CONVENTION ON HIGHLY MIGRATORY AND STRADDLING STOCKS

Answer 16

-follows precautionary principle
-control access before problems occur
-limit catch rate
-data/reporting systems
-minimize bycatch

Question 17

What is Ecolabeling

Answer 17

Identifies products produced in a sustainable manner

Question 18

What are the Environmental concerns of Aquaculture

Answer 18

Monoculture of fish
Contamination of water
Disease spread to wild
Degrade wild gene pool
Farms can take place of natural ecosystems

Question 19

What standards has the Aquaculture Stewardship Council proposed

Answer 19

-limited antibiotics
-reduce pollution
-prevent destruction of habitats
-keep waters clean
-human rights

Question 20

How is sustainability achieved with fisheries

Answer 20

Consistency with Natural Carrying Capacity

Question 21

2 Factors of Economic Optimal Equilibrium

Answer 21

1) Maximizes Net Social Benefit
2) Ecologically Stable

Question 22

2 Things to maintain Sustainable Yield

Answer 22

Fishing Licenses
Quotas