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reciprocal demand law (F1)<br />A refinement of the law of coMPARATIVE ADVANTAGE used to determine the TERMS OF TRADE between countries according to the relative demand measured in the amount of goods offered for the goods of another country. John Stuart MILL, in his first essay of his collection Essays on Some Unsettled Questions of Political Economy (1844), and TORRENS refined RICARDIAN international trade theory in this way.
<strong>Repayment start date</strong> – the date the repayment period begins. For Stafford Loans, the repayment period begins on the day following the last day of the grace period. For PLUS Loans, repayment begins on the date the loan is fully disbursed. (PLUS Loans are, however, eligible for an in-school deferment when the borrower is enrolled at least half time.)
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<strong>Missouri task force</strong> – Former name for the MDHE' s State Student Financial Aid Committee, comprised of financial aid administrators and established in February of 2005 to make recommendations to improve the Missouri student financial assistance programs.
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economic anthropology (A1)<br />The study of socioeconomic organizations. In succession to the classical political economy of QUESNAY, SMITH, RICARDO and MARX that traced the economic consequences of human nature, it has examined economic behaviour. VEBLEN used an anthropological approach in his distinctive INSTITUTIONAL ECONOMICS. Increasingly economic anthropologists have studied nonmarket economic institutions.<br /> <br /><em>Reference</em><br />Gregory, C.A. (1982) Gifts and Commodities, London: Academic Press.<br /> North, Douglass C. (1990) Institutions, Institutional Change and Economic Performance, Cambridge: Cambridge University Press.
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