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Here, consumption is predetermined but not strictly exogenous. An unpredictable negative income shock will be uncorrelated with past (and potentially current) consumption, but will surely be correlated with future consumption—the individual will be forced to adjust their future consumption to accommodate their poorer state, inducing correlation.
If there were not this conscious entity, the scientist, then one could say merely that the fetus's characteristics are determined by heredity, rather than predetermined. Predeterminism necessarily implies, at the very least, a passive but all-knowing observer, if not an active planner, designer, or manipulator (of the fetus's personal ...
A pre-determined overhead rate is normally the term when using a single, plant-wide base to calculate and apply overhead. Overhead is then applied by multiplying the pre-determined overhead rate by the actual driver units. Any difference between applied overhead and the amount of overhead actually incurred is called over- or under-applied overhead.
The predetermined credit limit Some credit card issuers offer credit cards with predetermined credit limits. A starter credit card might come with a $500 limit, for example, while a premium credit ...
Destiny, sometimes also called fate (from Latin fatum 'decree, prediction, destiny, fate'), is a predetermined course of events. [1] [2] It may be conceived as a predetermined future, whether in general or of an individual.
Put simply, your hair color is determined by the amount and combination of melanin present, predetermined by your genetic code (aka your parents). "Melanin production in hair follicles decreases ...
Predeterminism can be categorized as a specific type of determinism when it is used to mean pre-established causal determinism. [10] [12] It can also be used interchangeably with causal determinism—in the context of its capacity to determine future events. [10] [13] However, predeterminism is often considered as independent of causal determinism.
You may need to use your debit card a predetermined number of times, as yet another example—or be limited in the number of transactions that can take place each month. 2. Invest in a Business