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output-inflation trade off (E3) see Phillips curve
downstream dumping (F1)<br />Exporting goods with artificially low prices because intermediate goods have been purchased below cost.
Sharpe, William, 1934- (B3)<br />Educated at the University of California, Los Angeles, and professor of economics at Stanford University since 1970. He has developed the CAPITAL ASSET PRICING MODEL to examine portfolio risk into its systematic and unsystematic elements. In 1990 he shared the NOBEL PRIZE FOR ECONOMICS with MARKOVITZ and MILLER.<br /><em>See also:</em> beta
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demarcation (J2, J5)<br />Reserving work activities for a particular occupation. Thus, for example, in an engineering plant where there is demarcation, tasks will be assigned separately to mechanical, electrical and electronics engineers. CRAFT UNIONs, anxious to protect the work available for their members, have been keen to follow this practice, especially in the UK. The inflexibility in the use of labour brought about by this practice has lowered productivity and increased labour costs.<br /><em>See also:</em> job control unionism
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