Summarize the findings of the article and locate additional peer reviewed articles that provide industry examples of the value of economic data in their specific decisions.

Read Hughes-Cromwick & Coronado’s (2019) The value of US government Data to US Business Decisions article on the value of economic data on business decisions. Summarize the findings of the article and locate additional peer reviewed articles that provide industry examples of the value of economic data in their specific decisions.
Provide a summary and include a minimum of five new peer reviewed journal articles.

What are your recommendations for retail clients looking to improve their profitability in the UK economy post pandemic?Discuss

Choose one of these questions to be your principal focus
What is the overall impact of Covid-19 (sentiments, policies, and cases, etc.) on UK household spending?
Which household expenditure have been most impacted by the pandemic?
What are the relationships between expenditure types in the past twenty years?
All briefs need to address this:
What are your recommendations for retail clients looking to improve their profitability in the UK economy post pandemic?

Discuss both econometric and economic interpretation of your results.

Instructions for the Results part:

1. Present results in clear and neat excel tables pasted in your coursework document. Do not

include screenshots or tables copy/pasted directly from STATA. Use the appropriate

commands to extract results in Excel tables.

2.Discuss both econometric and economic interpretation of your results.

3. Start from simple baseline and then present results of more sophisticated models. (e.g. Simple Regression model,Multiple regression model,Panel regression, Test for Heteroskedasticity)

4. Link back to findings in previous studies.

5.Clear interpretation of estimated coefficients and statistical significance for the most

important independent variables.

6.Briefly discuss additional results and robustness tests.

7.Discuss limitations of your study.

Scarcity implies choice. Explain

1. Why is economics relevant? (5-points)
2. Identify and explain the three fundamental questions in economics. (5-points)
3. What is the difference between factor of production and factor price? Give an example of each. (5-
points)
4. Choice implies opportunity cost. Explain (5-points)
5. Scarcity implies choice. Explain (5-points)
6. Tigris produces only two products: tennis balls and tennis racquets. Each worker comes with a fixed
quantity of materials and capital. The economy’s total labour force is fixed at 100 workers. The
following table indicates the amount of balls and racquets that can be produced daily with various
quantities of labour: (25-points)
Number of Workers Daily Production of
Tennis Balls Number of Workers Daily Production of
Racquets
0 0 100 80
20 80 80 75
40 150 60 65
60 200 40 50
80 230 20 30
100 250 0 0
a. Use the information in the Table to draw the production possibilities curve (PP1) for Tigris.
b. Can Tigris produce 200 balls and 60 racquets?
c. What is the total cost of producing 150 balls?
d. What is the total cost of producing 75 racquets?
e. If Tigris is currently producing 230 balls, what is the cost of an additional 20 balls?
f. If Tigris is currently producing 30 racquets, what is the cost of an additional 20 racquets?
Chapter #2: (50-points)
1. Why is the demand curve downward sloping? Explain. (5-points)
2. Demonstrate graphically and explain verbally the difference between an increase in the quantity
demanded and an increase in demand. Describe what might have caused each to occur. (15-points)
3. Your boss told you that a decrease in price would increase demand. Why is your boss wrong? (5-points)
4. Briefly explain the six determinants of market supply. (5-points)
5. Explain how a market adjusts to an increase in the supply of a product. (5-points)
6. Assume the market demand for coffee is initially in equilibrium. Complete the following: (15-points)
a. Draw a demand and supply diagram to illustrate the initial equilibrium.
b. Explain the impact on the coffee market if there is an increase in the price of coffee beans.
c. Graphically illustrate the impact of a price increase of coffee beans on the diagram from (a).

Summarize and contrast the main arguments on both sides of the issue.

In the globalized economy of the late 20th and early 21st century, liberalized trade was sought through regional trade agreements and broader global trade liberalization. The policy choices between these two approaches has created debates among economists and politicians concerning which is a better strategy for various countries and for the global economy as a whole, and whether the two approaches are complementary or contradictory.

Summarize and contrast the main arguments on both sides of the issue.
Illustrate the two approaches with real world examples.