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Suppose you are interested in examining the determinants of earnings.You have information on the age of the individual as well as their level of education: high school graduate,college graduate or graduate degree.Let Y = earnings,X1 = age,X2 = 1 if the person has only a high school degree and 0 otherwise,X3 = 1 if the person has a college degree and 0 otherwise,X4 = 1 if the person has a graduate degree and 0 otherwise.Which of the following model specifications would work for this data?
Reactivity
The tendency of a substance to undergo chemical reaction, either by itself or with other materials, and release energy.
Objectivity
The principle of being impartial and unbiased, especially in research and reporting, aiming to minimize personal biases.
Participant Observation
A research method in social sciences where the researcher immerses themselves in a community or group to observe behaviors and interactions firsthand.
Going Native
A term used to describe the process whereby researchers or individuals adopt the culture and lifestyle of the communities they are studying, often losing objectivity.
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