For Philosophers Who Define Determinism as Implying Only Predictability on the Basis

question 47

Multiple Choice

For philosophers who define determinism as implying only predictability on the basis of probability, to say that every event is determined means only that

• A)it is not predictable even when we know everything about earlier conditions.
• B)it would predictable if only we knew enough about earlier conditions.
• C)past causal conditions cannot be known.
• D)the future is entirely unpredictable.

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Definitions:

Taxes

Compulsory financial charges or levies collected by governments from businesses and individuals to fund public expenditures.

Negative Externalities

Costs suffered by a third party due to an economic transaction that they were not a part of.

Coase Theorem

A principle that asserts that if property rights are well-defined and transaction costs are negligible, parties will negotiate to correct externalities and allocate resources efficiently.

Private Market

A private market is a part of the financial market in which investments are negotiated directly between parties, without public market listing.