V5. On Tuesday 4 October this year, the Minister for the Environment, Tanya Plibersek, announced a new strategy to protect Australia's threatened plant and animal species. The Saving Native Species Plan will cost $224.5 million. How would you define the benefits of this expenditure? Could the economic benefits be quantified?

Discuss the economic concepts and principles that are relevant in considering public policy towards the conservation and use of Indigenous cultural heritage