In the theories that we have studied in the Industrial Relations, the Labor Market Theory applies here. This theory mainly focuses on the settlement of wages, employment, and allocation of work. The theory states that perfectly competitive labor and product markets yield the most efficient economic outcomes.
The components of Homeland Security address the attacks enumerated in our scenario. One of these is the Transportation Security Administration, which is a component agency of the Department of Homeland Security. Moreover, the U.S. Coast Guard utilizes a three-tiered mechanism of Maritime Security Levels.
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