question 1

discuss views on considering the costs and benefits of the public health response to COVID-19 in Australia. include (a) the goal of the public health response and why it was deemed necessary to achieve this goal. (b) why opportunity costs were involved in achieving this goal and illustrate the reality of these opportunity costs by providing a number of examples. (c) Is there an opportunity cost to relaxing public health measures? (d) Consider whether the nature of the respective costs changed quesyion 2

discuss at the microeconomic level, elaborate (a) why it might have been rational to encourage firms to consider 'sacking their staff' and (b) why Jobkeeper has been effective, in the short run, in keeping some businesses open but (c) is less likely to have been effective in the long-run. (d) In addition, consider whether or not there is a microeconomic rational for making the conditions for the receipt of JobKeeper more restrictive for larger businesses compared with small and medium sized enterprises?