For most firms, the biggest cost of doing business is wages

What are open market operations? If the economy is experiencing a recession, what kind of open market operations should the Fed undertake?

What will be an ideal response?

In the case of a small country, consumer surplus

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