The Grossman model emphasizes the important roles that education, health knowledge, and expectations about future income and health play in the choices that determine health in both the short and long runs. Education both increases the likelihood of having higher income, which is good for health, and can compensate for lower income in which of the following ways: O a. Education is associated with better health literacy, knowledge and execution of healthy diets and lifestyles Ob. Education enables people to communicate better with well-educated doctors and so they learn better how to manage their own health over time OC. Education enables people to read about side effects and avoid unnecessarily risky procedures Od. All of the above Oe. None of the above
The Grossman model emphasizes the important roles that education, health knowledge, and expectations about future income and health play in the choices that determine health in both the short and long runs. Education both increases the likelihood of having higher income, which is good for health, and can compensate for lower income in which of the following ways: O a. Education is associated with better health literacy, knowledge and execution of healthy diets and lifestyles Ob. Education enables people to communicate better with well-educated doctors and so they learn better how to manage their own health over time OC. Education enables people to read about side effects and avoid unnecessarily risky procedures Od. All of the above Oe. None of the above
Chapter5: Income And Substitution Effects
Section: Chapter Questions
Problem 5.15P
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Transcribed Image Text:The Grossman model emphasizes the important roles that education, health knowledge, and expectations about future income and health play in the
choices that determine health in both the short and long runs. Education both increases the likelihood of having higher income, which is good for health,
and can compensate for lower income in which of the following ways:
O a. Education is associated with better health literacy, knowledge and execution of healthy diets and lifestyles
Ob. Education enables people to communicate better with well-educated doctors and so they learn better how to manage their own health over time
OC. Education enables people to read about side effects and avoid unnecessarily risky procedures
Od. All of the above
Oe. None of the above
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