Health Economics True or false and explain why Pertains to t

Health Economics. True or false and explain why. Pertains to the Grossman model. \"An hour spend exercising always pays for itself by decreasing the time spent sick by more than an hour.\"

Solution

It is false because there are almost infinite number of factors that can affect someones health e.g. air quality, water quality, sleeping habits, eating habits, hereditary etc. So, the above statement can never be concluded in its entirety.