Question 1 a. Define the location quotient of a city. How is it used to identify the economic base of a city? With appropriate examples, explain why is it important to identify what the economic base of a city is, before investing in real estate in that city. b. The US saw a decline in manufacturing industries and with it, factory cities. What is the effect of employment in these cities? As a policy maker, what would you suggest to improve employability of individuals in these cities. (Hint: relate to the rise of knowledge economy and with it, information cities in the US). While you need to argue in defense of your suggestion, do you foresee any difficulties in implementing your policy?

a. Define the location quotient of a city. How is it used to identify the economic base of a city? With appropriate examples, explain why is it important to identify what the economic base of a city is, before investing in real estate in that city. (10 points) b. The US saw a decline in manufacturing industries and with it, factory cities. What is the effect of employment in these citics? As a policy maker, what would you suggest to improve employability of individuals in these cities. (Hint: relate to the rise of knowledge economy and with it, information cities in the US). While you need to argue in defense of your suggestion, do you foresee any difficulties in implementing your policy