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In the past decade, salmon have been over-fished, causing the salmon population ...
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In the past decade, salmon have been over-fished, causing the salmon population to plummet. How might the government choose to improve the overfishing situation?
(I) Provide a subsidy to the fishermen for each ton of salmon they catch.
(II) Issue fishing licenses and require fishermen to hold one in order to fish salmon.
(III) Puts a quota on the number of salmon that can be caught per year.
(IV) Impose a sales tax on salmon.
(V) Rely on the invisible hand.
(VI) Give a bonus to the fisherman who catches the largest salmon.
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