The ways different cultures have developed quite different ways to express universals. Hope this helps!
Answer:
In the free market system, financial security is established when a country's wealth is distributed in a balanced way to private institutions, which must produce and generate more income and wealth according to the law in force in the country.
Explanation:
Financial security is generated through the production and management of wealth that is created from the production of goods and services. In a free market system, it is important that these wealth be distributed equally and evenly among private institutions, allowing them to have sufficient subsidies to continue producing and guaranteeing the country's economic progress.
In the example provided, a model is built with the aim of explain certain behaviours of individuals who pertain for a classroom, let's assume we are speaking about a high school scenario and a class of teenagers. Data is gathered only from the male students.
When including age as an explanatory variable in a regression equation, it is very likely that it produces a causal effect on the dependent variable, but also on many of the other regressors, and hence it will be 'contaminating' the effects quantified for those.
A possible solution to avoid this inconvenience could be to gather again the same data 10 years later, and to build a new regression function. In the end, it is necessary to use an estimation method which compares the old and new regressions, to conclude in which extent has time (=age) affected each of the regressors, in order to isolate the effect of time on the regressors, from the pure effect that each regressor causes on the dependent variable. Like this, we are able to know the real effect of each regressor on the dependent variable, that is the ultimate goal of the model.
A possible estimator to use in this scenario is the so-called 'difference in differences' model.
Socrates believes that the person who is aware of her or his ignorance possesses a common sense regarding it or a lack of hubris regarding his knowledge. Hubris is a term commonly used in ancient Greek to describe <em>a person’s excessive pride in oneself. </em>
He or she acknowledges her or his shortcomings regarding the knowledge that she or he is lacking, which makes him a wiser individual compared to the person who thinks that he knows something when he doesn’t.
