Can someone please assist me with my topic paper assignment? It must be 1.5 page long using APA guidelines:
You are an economics adviser to a U.S. Senator. The Senator is interested in sponsoring legislation to address the impact of rapidly rising medical costs, and has commissioned you to write on the subject.
You know medical costs have risen faster than other consumer costs over the past decade, and decide to utilize demand/supply curve analysis to demonstrate how the cost changes have impacted the Senator's constituents.
Write as if it were a briefing paper you will deliver to the Senator. In it:
- Demonstrate and document the trends in medical costs
- Assume the Senator is not an economist and is not familiar with demand/supply curve analysis
- Provide some legislative suggestions to the Senator that utilize your economic knowledge
- Use our material
- Cite your sources
Utilize Managerial Economics to make your case, and remember that the Senator has not had benefit of the course you are taking.