Read the two articles posted under Course Wide Resources. One is called Reducing Health Care Spending and the other is Rising Cost of Health Care…
1. For each article, Examine and state which of the Ten Key Economic Concepts the author defines without necessarily mentioning the concept. How does the author explains the concept (i.e. sentence two of paragraph 3 the author gives an example of self-interest by stating the following…)?
2. What did you learn?
Instructions:
– One APA style paper for both articles (don’t submit two separate APA papers)
– In the APA paper, separate each reading assignment and answer the two questions (i.e. title of the article and answer the two questions then, next title of article and answer the two questions)
– Due date is important as points are deducted for late work. Please review rubric
– Review APA link
Attached is article 1 and on the other attachment has link to the second article as well as 10 key concep
Article 2: Is PDF Attached
Ten Key Economic Concepts
- Scarcity and choice
- Opportunity cost
- Marginal analysis
- Self-interest
- Markets and pricing
- Supply and demand
- Competition
- Efficiency
- Market failure
- Comparative advantage
