from here comes this:

Let’s take this quick one-question quiz, Blogge heads:

Business firms wish to sell their products at high prices. Households wish to buy products at low prices. In a market economy, this conflict of interest is resolved by

A. lawsuits
B. government
C. competition
D. collective bargaining.

The Lakeland College Center for Economic Education posed that question to 480 high school students one year ago.

Would you believe, as Maxwell Smart used to ask, that 61% answered b) government? That 13% answered d) collective bargaining? Only 11% correctly answered, c) competition.

Of course I see the error in the blog, sadly, because I see the error in the question. It is based on one ungiven, and unchallenged definition. This is a snake bite exam.

this quote:

where the average American spends $120 per day instead of $3 per day, and can live a life of greater scope and moral depth than under the old daiy necessity of getting food. — from

change the phrase “per day instead of” by adding “only”, as in, “per day instead of ONLY” makes what change in value judgement apparent.

The original assumes that more money is better. The consumer has more to spend. This also presumes that the life is therefor much better. And thereupon rests big differences.