Role of Economics in Shaping Public Policy

ReflectionThis reflection activity is comprised of two 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 in the :
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.
Factors of Production
Innovation and physical capital are two of the four factors of production. that 1 of the 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:
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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