The State Theory of Modernization Maintains

question 38

Multiple Choice

The state theory of modernization maintains:

• A) that changes in the economies and technologies contributed to growing individualism
• B) to gain the favour of urban classes, monarchs became less controlling and confiscatory towards them
• C) there are formalized procedures that give individuals a measure of predictability in the outcomes of their actions
• D) the reason why some countries became wealthy, industrialized nations and others have not is because the state thwarted development in the latter
• E) women's enhanced financial independence has contributed to the increase in pregnancies to unwed parents

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Definitions:

Face Value

The nominal or original value stated on a financial instrument, such as a bond or stock certificate, not necessarily its current market value.

Coupon Rate

An annual percentage rate that reflects the interest paid on a bond relative to its face value.

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including interest payments and the gain or loss due to the difference between its purchase price and its face value.

Face Value

The nominal or dollar value of a security stated by the issuer, primarily relevant for bonds and the amount repaid at maturity.