Please choose your area of research to integrate at least five topics we discus

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Please choose your area of research to integrate at least five topics we discussed during our first 12 weeks. For instance, try to describe the area/business you have experience with, including the introduction, and apply how the principles of microeconomics resulted in some dynamic parameters during the last 3-5 years, including the COVID era (restriction and regulations) and return to regular life and lifting these regulations. Implement the economic principles we’ve learned in these situations. Requirement – minimum of 7 (seven) pages, including the front page and the last one with resources you used. Word file format.
Topics you can choose from (or use them all):
Principles of Economics
Gains from Trade
Market Forces of Supply and Demand
Price Elasticity of Demand
Government Policies
Efficiency of Markets
Cost of Taxation
Externalities
Public Goods and Common Resources
The Economics of Healthcare
The Design of the Tax System
Examples: Restaurant business, Real Estate Market, Hospitality Services, Transportation, Tourism, Daycare, Public services, Healthcare, etc…
FINAL PROJECT RESOURCES:
A: ECONOMICS DATA WEBs:
NC Department of Commerce:
https://www.commerce.nc.gov/news/press-releases/2023/08/18/north-carolina-brought-record-visitor-spending-2022
NC Partners – ECONOMIC IMPACT STUDIES:
https://partners.visitnc.com/economic-impact-studies
NC Department of Commerce:
Economics Data Source – SCRIBD.com:

B: Economic Articles (Outer Banks, NC)
North Carolina, OBX see record-breaking tourism spending in 2022: Report:
https://www.wtkr.com/news/in-the-community/outer-banks/north-carolina-obx-see-record-breaking-tourism-spending-in-2022-report
Article Source: WTKR.com
COVID IMPACT:
Outer Banks businesses facing challenges related to international student worker shortage:
https://www.wtkr.com/news/outer-banks-businesses-facing-challenges-related-to-international-student-worker-shortage
Article Source: WTKR.com
Outer Banks restaurants facing challenges finding workers for the busy summer season:
https://www.wtkr.com/news/coronavirus/outer-banks-restaurants-facing-challenges-finding-workers-for-busy-summer-season
Article Source: WTKR.com

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