The Mixing Theory of Labor Is the Idea That

question 5

Multiple Choice

The mixing theory of labor is the idea that

• A) information cannot be owned by anyone.
• B) everyone has a right to privacy, unless something more valuable can be created by mixing labor with something that is not already owned by others.
• C) you own yourself and become the owner of whatever you create by mixing your labor with something that is not already owned by others.
• D) intellectual property rights must always be respected.

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Definitions:

Factors of Production

The inputs used in the production of goods or services, including land, labor, capital, and entrepreneurship.

Economic Resources

Inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.

Consumption Goods

Goods that are used by consumers for personal use and satisfaction, not for production or investment.

Lollipops

A hard candy on a stick.