In the Grossman model of the demand for health, which of the following is NOT a...
In the Grossman model of the demand for health, which of the following is NOT a role played by health?
(A.) Consumption Good
(B.) Input into the production of all goods
(C.) Capital Good
(D.) Public Good
Homework Answers
Answer - D. Public good
Public good is not a role played by health in the Grossman model
of the demand for health. In the model only three indicators are
considered, that is, consumption goods, inputs into the production
and capital goods or investment.
Therefore, public goods is not a part of Grossman model of the
demand for health.
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