(excluding references),complete the following assignment. You may work in groups of maximum four students (if you are able to connect online with other students) on any one of the following topics. If you work in groups, you must attach a group task allocation summary in your report. The task allocation summary will list what each student did or how the work was allocated (can be a simple table). This will help mark down any group member who does not contribute. Supplement your discussions with relevant information, insights from macro-economic theory, lectures, refer to relevant journal articles and do economic modelling (if needed). You are strongly encouraged to use relevant data to present your arguments. See the marking rubrics for a clearer idea on what all is required. You are free to select the methodology and dataset. The assignment must be submitted in the assignment drop box through TURN-IT-IN. No extension of due date. All late submissions will be penalized. Assignment topics (choose any 1): 1. One important lesson from the current covid-19 is the vulnerability of economies dependent on foreign aid, foreign investment and trade (goods and services) and hence the importance of domestic investment (i.e. encouraging the private sector to invest in essentialsectors such as food production in case of such prolonged shut-down of global movement of people, goods and services). On this note, discuss the importance of domestic investment for self-sufficiency, economic expansion and employment. You can use any Pacific Island country as a case study. Discuss how the government can promote domestic investment (i.e. respective polices etc.). 2. In response to covid-19, the Fiji government released a covid response budget. Review this budget and analyze the different policies (fiscal and monetary) undertaken to support the economy. Identify three specific areas and elaborate on the significance of these for Fiji's economic growth. For these three areas, highlight on the response policies and argue on its effectiveness and limitations; provide suggestions for better outcomes. Note: do not reproduce the budget here as your report or summarize it directly (see marking rubric). 3. The current covid-19 pandemic has brought many economies to a complete halt. While saving lives is critical, sustaining livelihoods is also important. Discuss the impact of this pandemic on a selected Pacific Island economy (you can choose specific sectors to focus on). (Note: a country need not necessarily have positive covid cases in order to suffer the economic impacts. Due to globalization, economies without any positive cases are feeling the impact as well). Discuss possible options (policies) to deal with the impacts that you have highlighted i.e. what are the policy options (ensure these policy options are feasible; do not suggest policies that would not be possible! Think about financial resources and other limitations such as technology or domestic capacity).