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08-05-2011, 07:07 PM
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#1
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Hot news in Forres
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bliss point (D6)<br />An optimal combination of PRIVATE and PUBLIC GOODS. This combination is derived from a SOCIAL WELFARE FUNCTION. In the figure w, w2 and w3 are different social welfare functions, BB is a grand utility maximization frontier, P is the bliss point, Ux and UY are ordinal preference functions and W = W(Ux, Uy) is a social welfare function. At the bliss point P, social welfare is at a maximum because BB touches the highest welfare function contour.
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<strong>National SMART Grant Program</strong> A new federal grant available as of July 1, 2006. Eligibility for this grant is based on science and math curriculum and academic performance as well as financial need. SMART is an acronym for Science and Mathematics Access to Retain Talent.
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<strong>Reissue</strong> A post-disbursement change transaction for changing the disbursement date from a past date to a future date. Within CommonLine, this transaction is located in the @1-10 record.
<strong>Private loan</strong> A non federal student loan, also referred to as alternative loan. Private loans are offered to students and/or parents by many, many lenders, secondary markets, and other private entities.
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08-06-2011, 03:05 AM
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#2
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Top financial news
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zero population growth (Jl)<br />The goal of many twentieth-century disciples of MALTHUS usually taking the form of advocating birth controL In many West European countries the use of contraceptive pills since the 1960s has brought the natural rate of increase below the replacement leveL<br /><em>See also:</em> neo-Malthusians
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non-rubber footwear, safety measures on colour TVs and CB radios, and the EUROPEAN coMMUNITY's import restrictions in 1981 on steel from Korea. The GENERAL AGREEMENT ON TARIFFS AND TRADE approximately measures the extent of the application of restrictive measures as the ratio of restricted imports/total imports. This measure is imprecise as a restriction will affect the total flow of imports. Non-tariff barriers can also be measured by calculating restricted imports as a share of the total consumption of manufactured goods, or consumption of restricted manufactured goods as a share of the total consumption of manufactured goods_<br /><em>See also:</em> protection; tariff
discrimination (J7)<br />1 Unfair and unfavourable treatment of a group of workers or other persons.<br /> 2 Setting different wages for workers with the same productivity but different personal characteristics, i.e. ######, age or race, or refusing to hire them.
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08-07-2011, 02:37 AM
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#3
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National Association of Securities Dealers Automated Quotation System (G2)<br />US securities market founded in 1938 which lists over-the-counter securities not listed on regular exchanges. By the end of the 1980s, it became the second largest securities market in the USA and the third largest in the world, making it the strongest stock market in competition to the New York Stock Exchange, particularly because of its innovations in technology and market making. The price quotations of its MARKET-MAKERS are the basis of competition in this electronic market; each stock has a minimum of two marketmakers. From 1982, only stocks with at least 100,000 shares worth at least $5 each have been included, i.e. 2,500 stocks. It is also linked to the INTERNATIONAL STOCK EXCHANGE to provide a TRANSATLANTIC MARKET in 600 securities.<br /><em>See also:</em> over-the-counter market
<strong>MDHE Digest</strong> The Missouri Department of Higher Education' s monthly electronic newsletter. To sign up for this publication, visit http://www.dhe.mo.gov/mdhedigest/signup.shtml.
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shortage economy (P4)<br />An economy characterized by EXCEss DEMAND for many goods and services for substantial periods of time. This often happens because prices of basic necessities are kept below their market clearing levels for welfare reasons. In a CENTRALLY PLANNED ECONOMY, there is a tendency to adhere to the same set of prices for many years, not raising them as demand rises. Also, if the prices set by a government reflect its priorities and not those of consumers excess demand can easily develop.<br /><em>See also:</em> Soviet-type economy
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08-07-2011, 06:28 PM
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#4
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Top financial news in Linlithgow
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barrier to exit (Ll)<br />The costs or forgone profits of a firm which will occur if it leaves an industry. Barriers to exit are less common than barriers to entry, excepting where a government, to prevent increased unemployment, keeps in existence a large organization threatened with financial collapse; specialized assets may also deter a firm from leaving an industry.<br /><em>See also:</em> ba rrier to ent ry <br /><em>Reference</em><br />Caves, R.E. and Porter, M.E. (1977) 'From entry barriers to mobility barriers: conjectural decisions and contrived deter-
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Regulation Q (E4, E5)<br />The ceiling to the rate of interest US COMMERCIAL BANKS could pay on deposits of less than thirty days' maturity in the period 1933-85. This maximum rate was fixed from time to time by the US FEDERAL RESERVE SYSTEM. One of the aims of the regulation was to reduce the cost of housing finance as THRIFTS would be able to operate with low interest rates. As the regulation was evaded by bankers borrowing abroad to replace domestic deposits, the growth of the EURODOLLAR market was encouraged and much ms!NTERMED!AT!ON occurred. In 1980, it was decided to phase out the regulation over a five-year period.
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08-04-2011, 01:22 PM
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#5
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08-07-2011, 09:52 PM
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#6
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Pregnancy Symptoms
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08-01-2011, 10:32 PM
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#7
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Pregnancy Symptoms
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08-02-2011, 08:21 PM
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#8
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08-02-2011, 08:41 PM
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#9
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08-02-2011, 06:43 PM
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#10
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Top news in Tipton
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absorption approach (F4)<br />A method of analysing a country's BALANCE oF PAYMENTs by comparing its total output with its 'absorption', i.e. its domestic expenditure on goods and services. There will only be an improvement in a country's balance of payments if its total output is greater than its absorption of its own OUtput. By the USe of PRICE ELASTICITIES and a MULTIPLIER, it is possible to examine the effects on output and absorption of the DEVALUATION of a currency.<br /><em>Reference</em><br />Kyle, J.F. (1976) The Balance of Payments in a Monetary Economy, Princeton, NJ: Princeton University Press.
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peak-load pricing (D4, Ll)<br />The charging of higher prices to consumers at times of peak demand to reflect the higher costs of supplying them then. There are many examples of this in the supply of energy and passenger transport, e.g. charging less for the electricity consumed by night storage heaters and lower rail fares on days with less traffic. Industries needing this type of pricing face demand conditions which fluctuate over the cycle of a day or a year and by a supply with high fixed costs and low variable costs. The higher prices charged to pay for extra capacity cannot be too great, otherwise consumers will shift their demand to other times which will make it increasingly difficult to raise sufficient revenue to cover the costs of peakload special capacity.<br /><em>See also:</em> two-part tariff <br /><em>Reference</em><br />Crew, M.A. and Kleindorfer, PR. (1986) The Economics of Public Utility Regulation, Cambridge, MA: MIT Press.<br /> Williamson, O.E. (1966) 'Peak load pricing and optimal capacity under indivisibility constraints', American Economic Review 56: 810-27.
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