I strongly encourage this on your part.
For the most basic license the Technician, your answers are:
1. Maybe study a bit more. The exam questions and answers are published, so the easy way out is just to memorize them. If you really want to learn this stuff, I'd suggest a kit. I think Radio Shack still has some electronics experimentation kits for kids.
On Edit: Radio Shack has the "Electronics Learning Lab"
http://www.radioshack.com/product.asp?catalog%5Fname=CTLG&category%5Fname=CTLG%5F006%5F001%5F003%5F000&product%5Fid=28%2D2802. Either one is fine. Amateur radio is specifically designed to encourage home construction. Any real ham equipment would be bough today. Real basics are a transciever and an antenna (with the cable to connect the two).
3. No code required for Technician. next step up, General Class, requires five words per minute code. It's not hard to learn code at that speed. General Class lets you on the high frequency bands, where you can go long distance.
Get the latest copy of "Now You're Talking" - it is the best intro out there, and has the question set for the Technician license exam:
http://www.arrl.org/catalog/index.php3?category=Help+for+Beginners