States and some large metropolitan areas have

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Principles of Economics
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Chapter 18 / Exercise 8
Principles of Economics
Mankiw
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4. States and some large metropolitan areas have implemented strategies for attracting businesses to their borders for economic development. Choose two states and one large metropolitan area (New York City, Jacksonville, Florida, or similar regions) that have engaged in these policies for at least 20 years, compare their approaches, present outcomes, and set forth the optimal elements of an effective economic development policy to attract business. Do these policies produce actual economic growth, or do they simply rob one state or region for the benefit of another? Transportation 5. Transportation economists say that the only way to solve the congestion problems on our roads is to charge users higher prices (tolls) during peak travel periods than during low traffic periods. In practice, when congestion pricing is implemented there are complaints that it is a premium service for rich people. The first congestion-priced road in the US was SR 91 in Orange County, California. It was built as a private DBFOM toll revenue project in 1993 and is operated today by the Orange County government, which bought it from the private sector in 2003. Using SR 91 as an example, does congestion pricing work at reducing congestion in that corridor? Is it fair?
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Principles of Economics
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Chapter 18 / Exercise 8
Principles of Economics
Mankiw
Expert Verified
Research congestion pricing in at least two other metropolitan areas and compare the results to SR91. Should New Jersey add some congestion-priced lanes to its highways? Why or why not?
6. Analyze the implications of re-urbanization for housing policy. How should the government best deal with rising rent for longtime low-income residents? Compare the policies of three cities—New York, San Francisco, and Houston. Is it important to preserve mixed-use and mixed- race neighborhoods as policy goals? What are the costs and benefits of doing so?

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