Test Your Understanding of Human Action (Self-Quiz)

Click "True" or "False" after each of the ten questions below. Then click the "Finished" button at the bottom. Your answers and score are confidential and will not be recorded. 1.   The meanings that human beings should assign to their concepts are arbitrary or determined by social convention. True False 2.   A society has purposes and values transcending the purposes and values of the individuals that compose it. True False 3.   Objective ethical principles can be derived by studying the fundamental nature of human action. True False

4.	The economic value of a good is determined by its usefulness to human beings, rather than by its cost. True False
5.	Logically, to legalize drugs would implicitly grant moral sanction to drug use. True False
6.	The "boom-and-bust" business cycle is a predictable effect of certain interventionist policies, and not a free-market phenomenon. True False
7.	Liberalism advocates that the government should redistribute wealth for the "social good."   Hint: Look up "liberalism" in the Course Glossary or in Merriam-Webster online (especially definitions 2b and 2c). True False
8.	The fundamental alternative to communism is a democratic government based on majority rule. True False
9.	In a "mixed economy" that seeks to combine and balance free-market and interventionist elements, the balance naturally tends to tilt toward increasing interventionism over time. True False
10.	A free society is not merely a utopian ideal, but a practical goal, compatible with the needs and tendencies of human nature. True False

Please click the "Finished" button after completing your responses.