Both tariffs and quotas will restrict supplies coming into the country from abroad.

If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns, then in the short-run

A) Ns has a positive slope and the demand for labor (Nd) negative slope. B) Nd has a negative slope and the supply of labor (Ns) a positive slope. C) AD has a negative slope. D) SAS has a positive slope.

What is an arrangement between countries to allow free trade between members called?

a. economic union b. common market c. trade forum d. free trade agreement