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caring society (D6, PO) see altruism; welfare state carry-back, carry-forward system (H2) A tax system which permits businesses to carry net operating losses back or forward against past or future gains in mcome or capital appreciation.
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<strong>SAT</strong> Scholastic Aptitude Test, administered by the College Board.
<strong>EFA</strong> Estimated Financial Assistance (or Aid), a school' s estimation of the amount of financial aid for which the student is eligible during any given enrollment period. EFA may include loan, grant, or scholarship aid from federal, state, institutional, or other sources.
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innovation possibility frontier (03)<br />A line showing the trade-off between Capital-augmenting, labour-augmenting and capital-augmenting technical progress. It is assumed that firms seek to maximize the instantaneous rate of unit cost reduction.
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