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<strong>Ability to benefit</strong> – Basis on which a student without a high school diploma or GED may qualify for federal student aid. To demonstrate the ability to benefit from a program of study, a student must take a test that is approved by the U.S. Department of Education.
<strong>SFY</strong> – State Fiscal Year, a period from July 1 through June 30 of the following calendar year for the state of Missouri.
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Celtic tiger (PO)<br />Ireland, because of its exceptional economic and employment growth among OECD countries. GDP growth averaged over 9 per cent annually in the 1994 - E period and unemployment fell by nine percentage points. There was labour force and labour productivity growth. Merchandise trade grew to 25 per cent of GDP and the fiscal surplus to 1.75 per cent of GDP Although European Union funds and foreign inward investment contributed to economic growth, there was no overriding policy plan which drove the economy forward.
output floor regulation (L5)<br />An alternative to PRICE CAP REGULATION. This requires a regulated firm to produce a minimum output. Under this form of regulation profit is usually lower than under price regulation. The two forms of regulation coincide under a monopoly.<br /> <br /><em>Reference</em><br />Weitzmann, M.L. (1974) 'Prices vs. quantities', Review of Economic Studies 41: 477-91.
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