This doesn’t need to be thought through anymore. There are clear choices about what our society and government can do in the face of a pandemic level virus. It’s about what choices we make, and that boils down to our values about what’s important.
Some of us, including many experts in the fields of both medicine/disease and economics, believe shutting down nonessential businesses is the ethical decision, and that the lives of our fellow citizens who are most at risk have more value than, say, a sports bar. Clearly, your mileage varies.