June 2013
Beginner
712 pages
31h 49m
English
A SECURITY of questionable value according to the rating agency Standard & Poor.
See also: AAA; BBB; BB; Q DDR
A commercial scheme for passing a commodity through a chain of company subsidiaries to avoid taxation.
An income transfer from a household of high social rank to a lower ranking household that does not change the ranking of households. This MARGINAL TAX change yields a marginal improvement in social welfare.
Dalton, H. (1920) ‘The measurement of the inequality of income’, Economic Journal 30: 348–61.
Measured observations obtained from officially or privately collected statistics: the raw material of empirical economics.
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