This project requires two stages for completion – first you are to act as a consultant and second you will take on the role of a mayor who has to communicate the action plan as a result of the consultant recommendation.Part A: ConsultantYou are employed as a consultant for a city that is investigating the possibility of building a convention center to attract tourists. Provide your recommendation to the mayor’s office regarding the construction of the center. (One recommended source for your work is a report by Professor Heywood Sanders, produced for the Brookings Institute. The report contains information about the demand for conventions and the supply of convention centers, and is provided as a link below.) I have also included some additional references to assist you with this project. You are required to find two additional sources to use in your analysis. Conflicting sources are also acceptable so long as they use sound economics in the analysis. Students are required to submit a one-page executive summary with a recommendation for or against the project and you must defend your decision using economic arguments/data. A single page forces students to be concise and to think clearly about what they want to say. Use the tools that you have learned in the course for full credit (opportunity cost for example). Students may not submit more than the one-page executive summary. References should be listed on a separate page. Part B: City MayorYou are the Mayor of the city who is tasked with the job of conveying the final decision on the convention center project to residents and stakeholders. You must discuss both the decision itself and the justification for the decision. Utilizing evidence and data provided by the consultant, a successful communiqué should be informative and persuasive such that residents and stakeholders ultimately support the policy decision.For this portion of the assignment, students are required to submit a one-page press release. Students may not submit more than one page. Note: Your submission should be no longer than three pages – one page for the consultant's executive summary, a reference page, and the one-page press release. Resources:1. Sanders--Convention Center Supply and Demand Economics 650.pdf2. The Answer is Always Yes (Links to an external site.)Links to an external site. - a 2005 article from Forbes.com3. Why Birmingham Shouldn't Build a New Arena (Links to an external site.)Links to an external site. - a 2014 article from the Birmingham Business Journal

Respond to the following in a minimum of 400 words and 3 references. There is no need for a cover page or a reference page. Put the references immediately after the essay.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:1862 Pacific Railway Act1956 Federal Aid Highway Act1946 Federal Airport ActWhat other examples of economic concentration can you share?What are the risks and advantages to economic concentration?How has economic concentration influenced your industry?

While Saudi Arabia seeks to diversify its economy, the Saudi economy is dominated by the petroleum sector. In addition, the Saudi Arabian Riyal (SAR) is pegged to the U.S. Dollar. In a critical essay, indicate the main considerations Saudi Arabia faces from a currency perspective (e.g., currency values, interest rates, inflation, and trade issues) that ensue given two scenarios: The first scenario is a dramatically declining world oil price. The second scenario is a dramatically increasing world oil price. Analyze the results you expect from each scenario.