Based on this figure, if the krone exchange rate is fixed at $0.09 dollars per krone, the krone is:

In the case of a small country, producer surplus

A) increases more with a tariff than with an equivalent quota. B) increases more with a quota than with an equivalent tariff. C) is not changed by tariffs or quotas. D) increases the same with tariffs and equivalent quotas. E) increases more with quotas.

Explain the difference between the Fed following discretionary policy and the Fed following a rules strategy

What will be an ideal response?