Today, the world is facing a big economic challenge (among others) Governments are taking measures and trying to offer solutions to the ongoing problems and pharmaceutical companies are working hard /competing to find the vaccine for the Corona virus

Below are the requirements that you need to work on for your assignment from an economist's perspective:

GOVERNMENT ECONOMIC MEASURES:

The government of Canada has initiated a RESPONSE ECONOMIC PLAN to help Canadians overcome hardship during these challenging times. -You are requested to research this on the internet and list the major actions t taken from the Canadian government - look at 3 other countries which have taken a similar route and list briefly their economic response - USA, Germany, UK and France are good examples but feel free to select any other country.

From a Canadian perspective, what effect will this have on?

-Wages

-Unemployment

-Rent

(Hint: use demand, supply, elasticity and government policy)

-Explain government intervention in this particular situation from an efficiency vs equity concept