TOLFA Segment 7, Question 1

How can it be "fair" when some are thousands of times richer than others?

If the rich folk got that way by having their government friends prohibit competition, it's not.
Some people work harder and smarter than others, and the free-market outcome is perfectly fair.
"Rich" is a relative term. Some have very little money, but count themselves immensely rich. What price a happy marriage, for example?
In a free market society people can get super-rich only by making a super contribution to its wellbeing; for example, by innovating computer operating systems.

There aren't any bad answers here. Check them all out, then when you have correctly answered this make notes in your student notebook, go to Question 2.

Segment 7 Page