In a market for pollution, the value of pollution permits, but not the total amount of pollution, will not fluctuate over time

Refer to Figure 16.1. An increase in expected output in the future is best represented by a movement from

A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.

Which of the following will not contribute to increasing the stock of physical or human capital of a nation?

a. an increase in savings b. a reduction in taxes on capital gains and stock dividends c. a lack of enforcement of private property rights d. the subsidization of higher education