Week 2, 22-23

According to Mises, Human Action is

• Advanced Behavior

• Purposeful Behavior.

• Accidental Behavior

• Any Behavior

Rational behavior means taking the ________________ steps to achieve a goal.

• most popular

• most efficient

• most moral

• most difficult

Which of these people can't be rational?

• A criminal

• An unhealthy person

• Mr. León

• An insane person

When individuals have goals to satisfy ourselves, it means our behavior is _________________.

• primarily self-interested

• only self-interested

• selfish

• justified

Individualism in economics means __________

• we are self-reliant.

• we share characteristics of groups.

• we are lone wolves.

• we think and act for ourselves.

Who created the Labor theory of property?

• Mises

• Locke

• Menger

• Marx

Labor theory of property states that we need to mix our labor with __________ to get new private property.

• wood

• unclaimed stuff

• natural stuff

• other people

Private property owners have the right to __________ based on any reason.

• unclude

• preclude

• exclude

• intrude

The only exception to the right to exclude in the U.S.A. occurs when private property is ____________.

• closed to the public

• members only

• actually public property

• open to the public

In the U.S., private property owners of stores and restaurants can't exclude based on _________.

• race and religion

• health precautions

• violent behavior

• public safety