Homework: The Digital Economy
This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflection by responding to all prompts.
The Role of Economics in Shaping Public Policy
Analyze how economics plays a vital role in shaping public discussion in the following policy areas:
1) Household taxation
2) Business taxation
3) Import taxation (tariffs)
Provide 1 example of each of the discussions you analyzed above and how that example plays out in your life and career.
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:
1) 1862 Pacific Railway Act
2) 1956 Federal-Aid Highway Act
3) 1946 Federal Airport Act
Now that you have considered how law can increase the productivity of innovation and physical capital, address the following:
1) Describe 3 other examples of economic concentration.
2) What are the risks and advantages of economic concentration?
3) How has economic concentration influenced your industry?
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.