If You Make the Voluntary Action of Unlocking Your Bike

question 16

Multiple Choice

If you make the voluntary action of unlocking your bike and riding it down the street, which situation would make this an endogenous act?

• A) You are riding your bike because you need to go class
• B) You are riding your bike because you wish to reduce your carbon footprint
• C) You are riding your bike because you hope to burn calories
• D) You are riding your bike because you enjoy bike rides

---

Definitions:

Egalitarian Principle

A philosophical doctrine emphasizing equality in rights and opportunities among people.

Market-based Approach

An economic strategy that relies on market forces such as supply and demand to address issues and allocate resources.

Socialized Approach

A method or practice where resources are owned, managed, and provided by the community as a whole or by a government, often emphasizing universal access to goods and services.

Single-payer Approach

A healthcare system where a single public or quasi-public agency organizes health care financing, but delivery of care remains largely private.