Reflection-AddressEvery Point thoroughly
This reflectionactivity is comprised of two sections collectively totaling a minimum of 500words. Complete your reflection by responding to all prompts.
The Role of Economics in Shaping Public Policy
Analyze how economicsplays a vital role in shaping public discussion in the following policy areas:
- Household taxation
- Business taxation
- Import taxation (tariffs)
Provide 1example of each of the discussions you analyzed above and how that example plays outin your life and career.
Factors of Production
Innovation andphysical capital are two of the four factors of production. Analyze specific ways that 1 of thefollowing laws increased the productivity of innovation and physical capital:
- 1862 Pacific Railway Act
- 1956 Federal Aid Highway Act
- 1946 Federal Airport Act
Now that you haveconsidered how a law can increase the productivity of innovation and physicalcapital, address the following:
- Describe 3 other examples of economic concentration.
- What are the risks and advantages to economic concentration?
- How has economic concentration influenced your industry?
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