Discussion Post A
I. Which field of natural science interests you the most and why?
II. Is this field related to the issue that you chose to research for your project?
Discussion Post B
Innovation and physical capital are 2 of the 4 factors of production.
Respond to the following in a minimum of 175 words:
I. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production:
i. 1862 Pacific Railway Act
ii. 1956 Federal Aid Highway Act
iii. 1946 Federal Airport Act
II. What other examples of economic concentration can you share?
III. What are the risks and advantages to economic concentration?
IV. How has economic concentration influenced your industry?
Homework
Select 1 of the economic concentrations (clusters) below:
I. Seattle-Tacoma-Olympia, WA aerospace / defense industry
II. Central California winemaking industry
III. Hollywood movie industry
IV. Silicon Valley Technology hub
V. Texas / Louisiana Gulf Coast crude oil and natural gas production and refining
VI. Pre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration
Write 700 to 1,050 words paper evaluating economists' assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:
I. Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
II. Analyze how the economic concentration in the area you chose influenced the supply chain.
III. Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
IV. Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.