COVID-19 has created significant problems for countries around the world. Some of these problems have economic implications. National governments have reacted in various ways to help alleviate these economic implications. In Australia, the federal government has banned elective surgery. Using your knowledge of economics developed so far in the course, what is the government implying here? Frame your answer in terms of the opportunity cost of, and resources devoted to, medical treatment. (5 marks). Why has the government chosen elective surgery as the type of medical treatment to target? (5 marks) For private hospitals, elective surgery is their main revenue source. What could they do to replace this revenue without exiting the market for medical services? (5 marks)