Why Does Wolf Think That Enjoyment Alone Is Not Enough

question 10

Multiple Choice

Why does Wolf think that enjoyment alone is not enough to make a life meaningful?

• A) Some people have enjoyable lives but still feel their lives are too shallow.
• B) It is impossible to be actively engaged unless there is an element of stress or danger.
• C) Enjoyment is selfish, and a meaningful life requires regard for others.
• D) It is impossible to be actively engaged unless you are doing something morally good.

---

Definitions:

Externalities

Costs or benefits that affect parties who did not choose to incur those costs or benefits, often leading to market inefficiencies.

MSB

Marginal Social Benefit, which refers to the additional benefit society gains from consuming one more unit of a good or service.

MSC

MSC stands for Marginal Social Cost, which is the total cost to society of producing an additional unit of a good or service, including both private and external costs.

Coase Theorem

An economic theory that suggests that if property rights are clearly defined and transaction costs are negligible, private negotiations will lead to the efficient resolution of disputes regardless of the initial allocation of rights.