Summative Assessment: Economic Concentration Evaluation

Content

1. Select 1 of the economic concentrations (clusters) below:
   
   • Seattle-Tacoma-Olympia, WA aerospace / defense industry
   • Central California winemaking industry
   • Hollywood movie industry
   • Silicon Valley Technology hub
   • Texas / Louisiana Gulf Coast crude oil and natural gas production and refining
   • Pre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration
   • Write a 700- to 1,050-word paper evaluating economists’ assessments of the role the 4 factors of production played in determining how the economic concentration you selected has evolved. Complete the following in your paper:
     
   • Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
   • Analyze how the economic concentration in the area you chose influenced the supply chain.
   • Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
   • Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.
   • Consider the resources provided and other academically appropriate sources. The use of charts and tables to illustrate data is highly encouraged.
     
     
     Cite at least 3 academically credible sources.  
     
     
     Format your assignment according to APA guidelines.