Chapter 3 Demand for Health:The Grossman Model3 PPF that is shifted upwards relative to people with fewer years of education. Thus,better educated people spend less time sick and have more productive time overall.See Figure 3.14. 10.According to the Grossman model,people choose an optimal time to die(bar- ring any unforeseen accidents). TRUE.In the Grossman model,death occurs when it no longer makes sense to invest in health because the depreciation rate of health capital is so high 3 Bhattacharya,Hyde &Tu013 Chapter 3| Demand for Health: The Grossman Model | 3 PPF that is shifted upwards relative to people with fewer years of education. Thus, better educated people spend less time sick and have more productive time overall. See Figure 3.14. 10. According to the Grossman model, people choose an optimal time to die (bar￾ring any unforeseen accidents). TRUE. In the Grossman model, death occurs when it no longer makes sense to invest in health because the depreciation rate of health capital is so high. 3 ￾c Bhattacharya, Hyde & Tu 2013