Which of the following is the best example of an economic approach to reduce overfishing for a fish species with a declining population?
A The federal government sets a catch limit (per person or per boat) for the species and imposes a tax on any extra fish that are caught
B) A conservation agency creates marine parks where the area is a no-catch zone for the species so that the species can recover and population size can increase.
The state government introduces a subsidy for large fishing companies to help them afford to hire more crew members.
D) An educational group produces signs and video clips to encourage individuals to buy locally caught seafood and to avoid eating big fish like tuna and shark

The fishing industry is a rapidly growing and expanding industry, which is concerned with the processing, preserving, selling, or culturing of fish products.

The correct answer is:

Option A. the federal government sets a catch limit (per person or boat) for the species and imposes a tax on any extra fish that are caught.

The Fishing industries in the United States are controlled by the:

Federal Government
Fish and Game Commission
Legislature

The catch limit for the species is set by the federal government. The federal government supports the fisheries by improving coastal employment, food production, fisher's welfare, and sustainability of the fishing sector.

Thus, option A is correct.

To know more about the fishing industry, refer to the following link:

https://brainly.com/question/2437620