Chat with us, powered by LiveChat The Cost and Benefit of Shutting Down the Economy All Sections 11 unread reply.11 reply. We know that rational peopl - School Writers

The Cost and Benefit of Shutting Down the Economy All Sections 11 unread reply.11 reply. We know that rational peopl

The Cost and Benefit of Shutting Down the Economy

All Sections
1 unread reply.1 reply.

We know that rational people compare marginal costs and marginal benefits when they make decisions. So does our government. Here is an interesting Planet Money podcast about the costs and benefits of shutting down the economy to fight Covid-19. This was a big decision in US back in March of last year. Fortunately the vaccine is here but it is a monumental task to vaccinate everyone to reach herd immunity. With each new wave infections, each country had to adjust its response based on the level of risk. Each time it is a very tough decision with difficult trade-offs. Each time costs and benefits need to be weighed carefully as described in the podcast. When you listen, pay attention to the challenging economic tasks of assigning a dollar value to a human life.

“Episode 991: Lives Vs. The Economy” by Sarah Gonzalez and Kenny Malone, Planet Money, April 15, 2020. (Links to an external site.)

https://www.npr.org/2020/04/15/835571843/episode-991-lives-vs-the-economy
For transcript, click on the top right button on the blue title stripe.

 

* respond and share your reactions


Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?