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Clarice Believes That People in All Cultures Follow a Progression

question 13

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Clarice believes that people in all cultures follow a progression whereby they must first develop preconventional thinking before attaining conventional thinking,which then allows them to develop postconventional thinking.However,she believes that people in some cultures progress further than those in other cultures.What is this an example of?


Definitions:

Rate Of Return

is the gain or loss on an investment over a specific period, expressed as a percentage of the investment’s initial cost.

Inflation Risk

The likelihood that the value of assets or income will decrease as inflation shrinks the purchasing power of a currency.

Term Structure

The relationship between interest rates or bond yields and different terms to maturity, typically depicted in a yield curve.

Liquidity Premium

The portion of a nominal interest rate or bond yield that represents compensation for lack of liquidity.

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