- (65 points) Porky responses to Coronavirus (Covid-19). Grading based on reasoning. limit your answers
to four pages. Discuss the tradeoffs in involved in US government response to coronavirus. this would
include • the slow initial response • the increasingly restrictive travel ban/shelter in piace/sociai
distancing/quarantine orders • the 52 trillion bailout package passed on 27 March 2020 (the CARES An)
Some topics you should address are • What are the costs and benefits of the restrictions on movement /
shelter in place orders / social distancing / Quarantine? What are the key parameters in Quantifying these
terms' • What is the flat of the curve approach and why might it be valuable (ex over-crowded hospitals)' •
Connections to specific topics in class. Recalling our discussion of externalities why might too few get
tested for the coronavirus? Interpret the government response as social insurance- how does this help
rationalize a large government involvement' Does it suggest potential costs or benefits'