Categorize each statement about New Zealand's individual transferable quotas (ITQ) for the fishing industry as either true or false. True False Answer Bank ITQs remove the desire of individual fishermen to cheat, even if he knows he would not be caught. The initial limits allowed the stock of fish to grow. The ITQ system restricted the types of boats and equipment fishermen could use. An ITQ system eliminates the need for government enforcement. The ITQ system effectively creates property rights for the fishermen within New Zealand's economic zone. Over the years, the quotas resulted in increases in the amount each fisherman could catch. Categorize each statement about New Zealand's individual transferable quotas (ITQ) for the fishing industry as either true or false. True False Answer Bank ITQs remove the desire of individual fishermen to cheat, even if he knows he would not be caught. The initial limits allowed the stock of fish to grow. The ITQ system restricted the types of boats and equipment fishermen could use. An ITQ system eliminates the need for government enforcement. The ITQ system effectively creates property rights for the fishermen within New Zealand's economic zone. Over the years, the quotas resulted in increases in the amount each fisherman could catch