Good evening, I need assistance completing this assignment (MUST BE FREE OF AI DETECTION ). Competency 1 Assessment Instructions You’re a business consultant, and your new task is to teach a group o

Copyright 2021 by University of Phoenix. All rights reserved. ECO CB/ 535 Competency 1 Assess m e n t a n d Rub ric Cou rse Title: The Digital Economy Competency Assess ment Title: Impact of Economic Events and Economic Concentration Total Points: 100 Ass ess ment Directions You ’re a business consultant , and your new task is to teach a group of interns how economic events impact economic activity and economic concentration. Yo u’ve decided to present the information in writing with visual aids . (Tip: Use charts and tables to help illustrate data for the interns .) Create a two -part report. Part 1: Economic Events & Activity Analysis Review the Learning Resources folder. Write a 500 - to 750 -word analysis assessing how 2 major economic events influenced supply, demand, and economic equilibrium in U.S. economic activity . Choose your 2 events from th e list: • Rapid price increases (examples: the 1973 oil embargo ; the aftermath of a major hurricane ) • Dramatic employment drops (example : the 2006 housing bubble burst and the Great Recession that followed ) • Crippling interest rates imposed by the Federal Reserve (example : 1975 –1985 ) • 1991 C ollapse of the Soviet Union , the end of the Cold War , and the “peace dividend” • The dot -com bubble from 1994 to 2000 and the dot -com crash that fol lowed Part 2: Economic Concentration Evaluation Select 1 economic concentration (or “cluster ”) from the list : • Seattle -Tacoma -Olympia, WA aerospace/defense industry • Central California winemaking industry • Hollywood movie industry ECO CB/ 535 Competency 1 Assessment and Rubric Page 2 of 4 Copyright 2021 by University of Phoenix. All rights reserved. • Silicon Valley technology hub • Texas renewable energy cluster • U.S. auto and light truck production (pre -1994 versus post -1994) • Global innovation hubs • Advanced logistics and supply -chain hubs in the U.S. Write a 700 - to 1,050 -word evaluation of how your chosen economic concentration evolved . Specifically, focus on the role of the 4 factors of productio n. Complete the following in your evaluation: • Analyze how the economic concentration was influenced by competition and pricing. • Analyze how the economic concentration influenced the supply chain. • Analyze which of the 4 factors of production were the most and least important in determining the economic concentration . • Predict changes you antic ipa te for the area of economic concentratio n you chose . Support your predictions. Note: You may need to do additional research outside of course resources for some of the above topics . ECO CB/ 535 Competency 1 Assessment and Rubric Page 3 of 4 Copyright 2021 by University of Phoenix. All rights reserved. Competency Assessment Rubric Ass ignment/Perform ance Criteria Mas tery 100% Meets Expectations 85% Not Met 0% 1. Part 1 - Major Event 1: Supply, Demand, and Economic Equilibrium (weight 25 %) Thoroughly analyzed the first selected major economic event influenced supply, demand and economic equilibrium in US economic activity. Partially analyzed how major economic event influenced supply, demand and economic equilibrium in US economic activity. Narrowly analyzed how the first selected major economic event influenced supply, demand and economic equilibrium in US economic activity or no attempt to analyze how the first selected major economic event influenced supply, demand and economic equilibrium in US economic activity. 2. Part 1 - Major Event 2: Supply, Demand, and Economic Equilibrium (weight 25 %) Thoroughly analyzed how the second selected major economic event influenced supply, demand and economic equilibrium in US economic activity. Partially analyzed how the second selected major economic event influenced supply, demand and economic equilibrium in US economic activity. Narrowly analyzed how the second selected major economic event influenced supply, demand and economic equilibrium in US economic activity or no attempt to analyze how the second selected major economic event influenced supply, demand and economic equilibri um in US economic activity. 3. Part 2 - Economic Concentration: Influenced by Competition and Pricing (weight 15 %) Thoroughly analyzed how the selected economic concentration was influenced by competition and pricing. Partially analyzed how the selected economic concentration was influenced by competition and pricing. Narrowly analyzed how the selected economic concentration was influenced by competition and pricing or no attempt to analyze how the selected economic concentration was influenced by competition and pricing was made. 4. Part 2 - Economic Concentration: Influenced by Supply Chain (weight 15 %) Thoroughly analyzed how the selected economic concentration influenced the supply chain. Partially analyzed how the selected economic concentration influenced the supply chain. Narrowly analyzed how the selected economic concentration influenced the supply chain or no attempt to analyze how the selected economic concentration influenced the supply chain was made. ECO CB/ 535 Competency 1 Assessment and Rubric Page 4 of 4 Copyright 2021 by University of Phoenix. All rights reserved. Ass ignment/Perform ance Criteria Mas tery 100% Meets Expectations 85% Not Met 0% 5. Part 2 - 4 Factors (weight 10 %) Thoroughly analyzed which of the four factors of production were the most and least important in determining the economic concentration and the relationship between the factors of production and economic concentration. Partially analyzed which of the four factors of production were the most and least important in determining the economic concentration and the relationship between the factors of production and economic concentration. Narrowly analyzed which of the four factors of production were the most and least important in determining the economic concentration and the relationship between the factors of production and economic concentration or no attempt to analyze which of the four factors of production were the most and least important in determining the economic concentration of the location chosen was made. 6. Part 2 - Predicted Changes (weight 10 %) Thoroughly evaluated the area of economic concentration to predict anticipated changes. Partially evaluated the area of economic concentration to predict anticipated changes. Narrowly evaluated the area of economic concentration to predict anticipated changes or no attempt to evaluate the area of economic concentration to predict anticipated changes was made.