Wolf Claims That If the Fact That Humans Will Eventually

question 37

Essay

Wolf claims that if the fact that humans will eventually die out does not render many important activities meaningless then the prospect of a more imminent extinction does not either. Does Wolf make a convincing case for this claim in your view? Why or why not?

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive, representing profit or gains from trade.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures.

Mutually-Agreeable Trade

A transaction or trade that both parties involved consent to and believe will benefit them.

Opportunity Cost

The expense incurred by not selecting the second-best option when deciding among various choices.