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<strong>Midwest Student Exchange Program (MSEP)</strong> – This program ensures reduced tuition rates to Missouri residents who enroll in designated academic programs at participating schools in Kansas, Michigan, Minnesota, Nebraska, North Dakota, and Wisconsin. (Residents of those states may enroll in designated academic programs at participating Missouri schools.) More information is available at:
http://www.mhec.org/.
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regressive tax (H2)<br />A tax falling disproportionately on lower income groups. If there is regression as INCOME decreases, the AVERAGE RATE OF TAX increases. Many INDIRECT TAXES, e.g. EXCISE DUTIES and sales taxes, are regarded as regressive, but the extent to which they are depends on the consumption patterns of different income groups. POLL TAXES are the simplest case of regression.
current operating profit (M2)<br />The current value of output sold over a period, less the current cost of related inputs.
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Euromarket (G1)<br />A financial market trading in financial instruments that are denominated in currencies other than that of the country where that market is located, e.g. London trading in bonds denominated in French francs.
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