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This is a two part discussion post

Date Posted: 04/01/2021
Category: Economics
Due Date: 05/01/2021
Instruction
Write a response to the following in a minimum of 500 words: Analyze how economics plays a vital role in shaping public discussion in the following policy areas: Household taxation, Business taxation, 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. Why is understanding economics important for you? Part 2 Write a written response to the following in a minimum of 500 words. 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 Act, 1956 Federal Aid Highway Act, 1946 Federal Airport Act In addition, 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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