<u>Wisdom</u> is knowledge about the practical aspects of life that permits practical judgment about important matters.
Wisdom also refers to the process about knowing how to use your knowledge and how to use it. It also involves being able to put situations in perspective, and how to interpret situations to others.
With normative knowledge we cannot make wise decisions. Hence, it is important to have practical knowledge or empirical knowledge.
This would help us to make practical judgement about important matters.
This knowledge is imparted to us by wisdom that consists of knowledge about important practical aspects of life.
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States generally try to build up reserves in good times so they’re prepared for recessions and other fiscal emergencies and can avoid cutting public services during these difficult times. The amount of reserves a state needs depends on the potential volatility of its revenues and economy; states dependent on oil and other natural resources are particularly vulnerable because prices for these resources tend to fluctuate a lot. Sales taxes, which make up a third of state revenues, are rapidly collapsing as restaurants and stores across the country close their doors and lay off their workers. Income taxes, which make up another third of state revenues, also will decline sharply as mass layoffs rapidly push down people’s income and therefore their income taxes. Plus, the steep drop in the stock market means that wealthy people will soon begin reporting massive capital losses on their quarterly tax returns, further reducing state revenue.
Third parties may also help voter turnout by bringing more people to the polls. Third-party candidates at the top of the ticket can help to draw attention to other party candidates down the ballot, helping them to win local or state office.
The correct answer is "provide for the common defence."
According to the Preamble of the U.S Constitution, the aforementioned part about providing for the common defence actually means that the nation should be well prepared against foreign interventions of any kind.
This kind of preparation does not only refer to military preparation but also refers to protecting the country at any costs from external forces.
