QUESTION 4 Health is a capital good because health leads to better job benefits
ID: 1161553 • Letter: Q
Question
QUESTION 4 Health is a capital good because health leads to better job benefits and safer jobs each person is endowed with a stock of health that produces healthy time but can also depreciate people derive utility from good health health can be enhanced in the future through current activities like exercising QUESTION 5 Health is an investment good because health can be enhanced in the future through current activities like exercising O each person is endowed with a stock of health that produces healthy time but can also depreciate people derive utility from good health higher income people have more to lose when health decreasesExplanation / Answer
1) Health is a capital good because : each person is endowed with a stock of health that produces healthy time but can also depreciate . People can maintain their stock of health by leading a healthy life style .
2) Health is an investment good because : people derive utility from good health . Health can be viewed as an investment good because better health increases labor productivity, such as taking less sick days and working more.
3) large ; larger