Free Printable Praxeology Worksheets for High School

What is Praxeology?

True/False: Praxeology is the study of human action and choice.

True | False

What is the main goal of Praxeology?

The main goal of Praxeology is to:

A) Understand how humans interact with their environment B) Analyze how humans make decisions C) Explain why humans behave the way they do D) All of the above

D) All of the above

What is the fundamental principle of Praxeology?

Fill-in-the-blank: The fundamental principle of Praxeology is that __________ is the only source of knowledge.

Reason

What are the three main branches of Praxeology?

Multiple Choice: The three main branches of Praxeology are:

A) Economics, Sociology, and Psychology B) Ethics, Aesthetics, and Logic C) Economics, Ethics, and Logic D) Psychology, Aesthetics, and Sociology

C) Economics, Ethics, and Logic

What is the difference between Praxeology and Economics?

Short Answer: The main difference between Praxeology and Economics is that Praxeology is the study of the universal principles of human action, while Economics is the study of how humans interact with their environment in order to achieve their goals. Praxeology is concerned with the underlying principles of human action, while Economics focuses on the practical applications of these principles.

Answer Key

True | False D) All of the above Reason C) Economics, Ethics, and Logic

.

Practice Sheet for Praxeology

Questions

1. What is Praxeology? A) Praxeology is the study of human action and decision making.

2. What is the main focus of Praxeology? A) The main focus of Praxeology is to understand how people make decisions and how those decisions affect their actions.

3. What is the Austrian school of economics? A) The Austrian school of economics is a school of thought that emphasizes the importance of individual human action in economics.

4. What is the difference between Praxeology and the Austrian school of economics? A) Praxeology is the study of how people make decisions, while the Austrian school of economics is a school of thought that emphasizes the importance of individual human action in economics.

5. What type of economic theories does the Austrian school of economics espouse? A) The Austrian school of economics espouses theories that emphasize the importance of individual human action, free markets, and entrepreneurship.

6. What are the three main principles of Praxeology? A) The three main principles of Praxeology are: individual action, marginal utility, and time preference.

7. What is the concept of marginal utility? A) The concept of marginal utility is the idea that the value of a good or service decreases as more of it is consumed.

8. What is the concept of time preference? A) The concept of time preference is the idea that people prefer to receive a benefit sooner rather than later.

9. What is the difference between Praxeology and other economic theories? A) Praxeology focuses on the individual decision-making process, while other economic theories focus on broader economic concepts.

Answer Key

1. A
2. A
3. A
4. A
5. A
6. A
7. A
8. A
9. A