Quelpr
4 marksIntervention

CAPE Economics Unit 1 · 2021 · Paper 2 · Question 2(c)(i)

An excerpt discusses open-access coastal and marine fisheries in CARICOM states leading to potential overfishing and resource depletion.

Discuss how Caribbean governments could use legislation to control the externalities arising from overfishing.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 2(a)(i)Define the term 'economic loss'.[2 marks]
  2. 2(a)(ii)Define the term 'abnormal profit'.[2 marks]
  3. 2(b)(i)Distinguish between 'private benefits' and 'external benefits'.[4 marks]
  4. 2(b)(ii)Explain what is meant by the term 'merit good' and state an example of a merit good.[5 marks]
  5. 2(c)(ii)Discuss how Caribbean governments could use taxation to control the externalities arising from overfishing.[4 marks]
  6. 2(c)(iii)Discuss how Caribbean governments could use quotas to control the externalities arising from overfishing.[4 marks]

More practice: the rest of this paper · more Intervention questions · all CAPE Economics Unit 1 past papers