ECO 205 Week 5 DQ 1 And DQ 2 .pdf
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ECO 205 Week 5 DQ 1 And DQ 2
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Week 5 DQ 1
Since the September 11th attack there has been an increase in the
demand for security personnel—police, air marshals, airport security,
etc. How do you think the higher demand has affected the equilibrium
wage? In which direction do you think the labor supply and demand
shifted? Explain your reasoning.
Week 5 DQ 2
Describe two factors that affect labor supply and two factors that
affect labor demand. Using economic principles, describe how
changes in the labor market have affected you or someone you know.
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