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When Americans Are Asked to Describe Their Canadian Counterparts, They

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When Americans are asked to describe their Canadian counterparts, they often describe Canadians are very friendly, always saying 'thank you' and 'sorry' even if the situation does not call for it. These norms and expectations are referred to as:


Definitions:

Growing Perpetuity

A constant stream of cash flows without end that is expected to rise indefinitely.

Cash Flows

The total amount of money being transferred into and out of a business, considered essential for assessing its financial health.

Constant Rate

A constant rate refers to a fixed percentage that does not change over time, often used in contexts such as growth rates or interest rates.

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