According to this Application, those communities that were more exposed to imports had larger increases in workers receiving

In response to an unanticipated easing of monetary policy, the price level ________ at first, then ________ after a year

A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; begins to rise D) remains roughly unchanged; begins to fall

Which of the following statements is correct?

a. Taxes are more difficult to administer than regulations. b. Taxes provide incentives for firms to adopt new methods to reduce negative externalities. c. Command-and-control policies provide incentives for private decisionmakers to solve their problems on their own. d. Corrective taxes distort incentives.