Week 2 DQ.docx - Week 2 DQ Respond to the following in a...

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Week 2 DQ Respond to the following in a minimum of 175 words: Innovation and physical capital are 2 of the 4 factors of production. Discuss some specific ways that 1 of the following laws increased the productivity of 1 or both of these factors of production: o 1862 Pacific Railway Act o 1956 Federal Aid Highway Act o 1946 Federal Airport Act What other examples of economic concentration can you share? What are the risks and advantages to economic concentration? How has economic concentration influenced your industry? The 1956 Federal Aid Highway Act increased the productivity of innovation and physical capital. President Dwight D. Eisenhower knew the importance the continental highway system could play from his experience of the Autobahns in Germany as a soldier. Ironically, he was in the Army’s first transcontinental truck convoy in 1919 and described the trip “dramatized the need for better highways” as the difficult trip took two months (Ammon et. Al, 2017). A difficult two month trip is a huge barrier to rapidly acquiring physical capital in response to market demands.

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