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standard commodity (DO)<br />COMPOSITE COMMODITY whose price does not change when there is a change in the distribution of income. The components of the standard commodity are in the same proportions as in aggregate production. This concept was introduced by SRAFFA to solve RICARDo's search for an invariant standard of value.<br /><em>Reference</em><br />Sraffa, P (1960) Production of Commodities by Means of Commodities: Prelude to a Critique of Economic Theory, Cambridge: Cambridge University Press.
<strong>Grade level</strong> – A student' s academic class level, as certified by a school official. Undergraduate students are assigned a level of 01 (freshman) through 05 (5th year senior). Graduate students are assigned a level A (first year graduate) through D (fourth year and beyond).
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<strong>MOREnet</strong> – Missouri Research and Education Network. Provides networking capabilities and internet access for colleges and universities, elementary and secondary schools, state agencies, libraries, and community networks.
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