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The Grossman model is helpful for clearly articulating the three different roles that health H plays in an individual's decision-making. Which of the following is
The Grossman model is helpful for clearly articulating the three different roles that health H plays in an individual's decision-making. Which of the following is not a role that health plays in the Grossman model:
Options:
Health functions as an investment good
Reduces time spent sick
Increases individual's wage rate
Directly impacts utility
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