THE OPPORTUNITY COST OF MACROECONOMIC EVENTS?

[jan46]

explicitly define the opportunity cost of each macroeconomic event in terms of the cost to society or groups of individuals within the society; i.e., define what society trades off in choosing this event. In your answer include a discussion of: How the incentive to produce for workers and/or firms may be affected by this event? How efficiency and equity for workers and/or firms are affected by this event?
Macroeconomic Events
Event 1: The government passes a law allowing states to pay unlimited unemployment benefits to all unemployed workers for an unlimited amount of time.
Event 2: The federal government increases the restrictions on the immigration of skilled workers.
wk 1 analysis 1