Question: On Tuesday 4 October this year, the Minister for the Environment, Tanya Plibersek, announced a new strategy to protect Australias threatened plant and animal species.

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.

(a) How would you define the benefits of this expenditure?

(b) Could the economic benefits be quantified?

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