The Role of Economics in Shaping Public Policy
Analyze how economics plays a vital role in shaping public discussion in the following policy areas:
Household taxationBusiness taxationImport taxation (tariffs)
Provide 1 example of each of the discussions you analyzed above and how that example plays out in your life and career within 300-400 words.
Factors of Production
Innovation and physical capital are two of the four factors of production. Analyze specific ways that 1 of the following laws increased the productivity of innovation and physical capital:
1862 Pacific Railway Act1956 Federal Aid Highway Act1946 Federal Airport Act
Now that you have considered how a law can increase the productivity of innovation and physical capital, address the following in 300-400 words:
Describe 3 other examples of economic concentration.What are the risks and advantages to economic concentration?How has economic concentration influenced your industry?