Answer the following questions:

1. If you found a prototype of a revolutionary new mobile phone lying on a public bench, what would you have done with it? What would be the consequences of your chosen action?
2. Does the value of a parcel of land come only from the profits it can generate? If not, what makes land valuable? Does it have an "inherent" value that has nothing to do with human profit?
3. How is intellectual property a true form of property? Do you think it is appropriate for governments to protect intellectual property just like any other form of property? Explain your answer.