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Fact Pattern 27-2
Lisa writes a check on her account at Metro Bank to Niklas to pay a debt. Niklas negotiates the check by indorsement to O'Leary, who presents it for payment to Prime Bank.
-Refer to Fact Pattern 27-2. Niklas is
Stratification
The hierarchical arrangement or classification of society into various layers based on factors such as socio-economic status, race, education, or power.
Social Mobility
The ability for individuals or families to move within or between social strata in a society, which can result in changing social status.
Mincome Experiment
A social experiment conducted in the 1970s in Manitoba, Canada, testing the effects of providing citizens with a guaranteed minimum income.
Guaranteed Income
A system of social welfare that proposes that all citizens receive an unconditional sum of money, regardless of their employment status.
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