Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
H = f |
H = health f = factors (ModernMedical Care, Alternative Care, Lifestyle Choices, Environment, Genes, Income,Education, Random Events, . . . ) This is what ones health production function looks like, as the inputs or factors that contribute to ones health level |
|
|
Complements |
Usageof factor two enhances the productivity of factor one. |
|
|
Substitutes |
Usageof factor two reduces the productivity of factor one. |
|
|
When are two factors complements? |
whenan increase in price of input two causes the demand for input one to decrease. |
|
|
When are two factors substitutes? |
substitutes when an increase inprice of input two causes the demand for input one to increase. |
