Questions 1-4

kspace 2.3 Labor Costs 2.3 Labor Costs The discussion for Week 2 relates to the core concept of supply and demand in economics. In classical economics, this is the framework for understanding how economic decisions are made in a context of (typically) finite supply and limited ability to access that supply. The relationship of supply and demand is one that you will want to focus in on in considerable detail as you look at an industry in your Industry Presentation. Each of our topics from week to week will often encourage you to consider how the concepts and principles relate to your own industry. Guest Workers. Legal Yet Not Quite Free, Pick Florida's Oranges [7:01] After listening to the NPR audio broadcast and reading the following article: Guest Workers, Legal Yet Not Quite Free, Pick Florida's Oranges, select Create Thread to answer the following questions: 1. What key concepts of supply and demand are illustrated? 2. Why are these examples typical or atypical of those concepts? 3. What business decisions are involved in relation to each example and topic? 4. Which of these examples best delivers an analogy that you might find useful in the industry you are looking at for your Industry Presentation and why