Studies in Diverse Western Nations Confirm That by Age 5

question 94

Multiple Choice

Studies in diverse Western nations confirm that by age 5 to 6,__________ children generally evaluate their own racial group favorably and other racial groups less favorably or negatively.

• A) low-SES
• B) immigrant
• C) white
• D) minority

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Definitions:

Hyperinflation

A very high and typically accelerating rate of inflation, often exceeding 50% per month, leading to a rapid erosion of real value in the local currency.

Depression

A severe and prolonged downturn in economic activity, characterized by significant declines in GDP, high unemployment, and deflation.

Money Demand

The total amount of money that households and businesses want to hold at any given time, depending on interest rates, income levels, and economic activity.

Price Level

An index that measures the average of prices of goods and services in an economy, often used to evaluate inflation or deflation.