The presumption that ability breeds economic success finds empirical support

Answer the following statement true (T) or false (F)

1) Weak property rights encourage faster extraction than would otherwise maximize the long- term stream of profits. 2) Elephants are moving closer to extinction in places where they are treated as private property. 3) The economic benefits of forests include provision of wildlife habitats, erosion prevention, and oxygen production. 4) In the United States and parts of Western Europe, the amount of land covered by forests is increasing.

Which panel of Figure 3.3 represents the changes in the market for textbooks when the cost of paper decreases and the government increases the number of student loans it grants?

A. A. B. B. C. C. D. D.