Course Wide Resources
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…
- Article 1: https://www.commonwealthfund.org/publications/fund-reports/2021/aug/reducing-health-care-spending-what-tools-can-states-leverage
- 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
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?
