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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 taxation Business taxation Import taxation

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?

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