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

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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 federal airport act was signed into law on May 13, 1946 by Harry S Truman who was president at the time. This act would grant $500 million over seven years for projects involving airports. This grant would only cover half of the eligible projects cost and the rest would need to be provided by local airport sponsors. This program was extended twice and eventually repealed which then caused President Richard Nixon to sign an airport and airway development act of

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