Economics: Scarcity

Scarcity effects access to all products and services. Select for one of the following options for your topic and
write an essay addressing all noted requirements:
Option 2: You run a large health insurance company with a good reputation that tends to keep policyholders.
What criteria would you use to balance the scarcity of resources (premiums), change the services provided,
and/or influence the costs of claims?
For All Responses
Find at least two articles in the Chamberlain library that discuss your research topic and how it is affected by
scarcity. Include them as support for your points.
Include the following in your essay:
A summary of the effects of scarcity
A recommendation to reduce the effects of scarcity with a reallocation of resources

Sample Solution