Command-and-control regulations create incentives for firms to take the social costs of pollution into account and allow firms some flexibility in reacting to these incentives

Higher U.S. interest rates cause the value of the dollar to

A) rise, making U.S. goods relatively cheaper on world markets. B) fall, making U.S. goods relatively cheaper on world markets. C) rise, making U.S. goods relatively more expensive on world markets. D) fall, making U.S. goods relatively more expensive on world markets.

Refer to the figure above. Which of the following is likely to happen if a price control of $80 is imposed in the market?

A) There will be a surplus of 25 units in the market. B) There will be a shortage of 25 units in the market. C) There will be a surplus of 10 units in the market. D) There will be a shortage of 10 units in the market.