Input correct default values that correspond with the description

## Description
Inputs should have correct default values that correspond with the description. For instance, if a description says a boolean parameter should default to false, it should default to false that way on lively. 
Note that `select` component is very generic and makes as little assumptions about its use as possible. This is intentional, so as to make it reusable.

See [single responsibility principle](http://en.wikipedia.org/wiki/Single_responsibility_principle).