Question

The US government has used a wide range of measures to increase social distance in the US, such as issuing guidelines urging citizens to avoid gatherings of 10 or more people, childcare and school facilities have temporarily ceased operations, playgrounds and other public spaces have been sealed off, cultural events have been cancelled, tourist attractions and national sports leagues have suspended or cancelled their seasons. Required: What are the categories of costs and benefits of using social distancing to flatten the Curve for COVID-19 from society’s perspective?

Answer 1

The benefits associated with social distancing are lowering the soread of diseases, flattened curve, lower healthcare expenses, reduced exposure to viruses, higher safety mechanisms and better prevention measures to avoid contact.

The costs associated are displacement and unemployment of lowincome workers,excessive fiscal amd monetary stimulus, decline in economic activity, higher fiscal deficit, reduced sovereignty rating, stock market crashes, higher private debt, etc.

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