Examlex
Which of the following bonds would have the lowest interest rate? All of the bonds have 10 years to maturity.
Stratification
The structuring of inequalities within a society, often based on class, race, gender, or other socio-economic indicators, that places individuals and groups into different tiers of advantage or disadvantage.
Social Mobility
The ability for individuals or groups to move within a social hierarchy, which can be upward or downward, and is influenced by factors like education, income, and social connections.
2008 Recession
A severe global economic downturn that began in 2008, triggered by the collapse of the U.S. housing market and resulting in significant financial crisis, unemployment, and loss of wealth worldwide.
Upward Mobility
The ability for an individual or group to improve their social status, often measured by changes in income, occupation, or education.
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