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PARETO EFFICIENCY: A type of efficiency that results if one person can not be made better off without making someone else worse off. Named after Vilfredo Pareto, this criterion is the guiding theoretical notion of efficiency used in the study of economics, especially welfare economics. Pareto efficiency is generally not attained if some resources are idle or unemployed. By engaging idle resources in production, some people can have more production without reducing that available to others. A problem with Pareto efficiency, however, is that it is based on the existing distribution of income and wealth. This is one of two noted efficiency criteria used in economics. The other is Kaldor-Hicks efficiency.
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AmosWEB LLC ("AmosWEB") World Wide Web Privacy Policy StatementAmosWEB LLC ("AmosWEB") World Wide Web Privacy Policy Statement AmosWEB acknowledges the importance of protecting the privacy of Personal Information collected about its users or subscribers. "Personal Information" includes, but is not limited to, usage data, along with the name, address, telephone number, e-mail address, and payment information of AmosWEB users or subscribers. Therefore, AmosWEB does not sell or otherwise disclose any individually identifiable Personal Information about any user or subscriber without an express and informed consent of such user or subscriber. However, AmosWEB reserves the right to analyze and utilize user or subscriber data in order to more effectively optimize the user experience. AmosWEB has adopted this Privacy Policy to inform AmosWEB users or subscribers how it does collect, store, and use Personal Information. The Information We CollectTo help us achieve our goal of providing the highest quality services, we collect and apply information from our interactions with visitors, subscribers and users to the AmosWEB site. Because we respect your privacy, we have procedures to ensure that your Personal Information is handled in a safe, secure, and responsible manner. The information we receive and collect depends on what a visitor, subscriber or user does when visiting one of the AmosWEB sites.
In general, AmosWEB users are able to visit many of our Web pages without telling us who they are or revealing any information about themselves. As discussed under "Usage Data" below, we may track the Internet domain or "Internet protocol" addresses from which users visit us and analyze this data in the aggregate to determine usage for trends and statistics. Individual users will remain anonymous, unless they voluntarily tell us who they are. Usage DataAmosWEB only uses Usage Data in the aggregate -- that is, we look at the data on a collective basis, in summary form, rather than on an individual basis. This data helps us determine the extent to which our visitors use certain parts of an AmosWEB site, which, in turn, enables us to make the AmosWEB pages as appealing as possible. User CommunicationsAs a benefit of subscription membership, AmosWEB site users or subscribers may receive the following communications from us:- Communications related to subscription maintenance activities. These communications may include, without limitation, notices regarding material changes to AmosWEB site policies, service updates, service enhancements, and account management procedures. Since these communications are necessary to ensure AmosWEB provides its users or subscribers with the highest quality of services, our users or subscribers are not permitted to opt out from receipt of these communications.
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Disclosure ExceptionsAmosWEB will disclose information we maintain when required to do so by law; for example, in response to a court order or a subpoena. AmosWEB also may disclose such information in response to a law enforcement agency's request. AmosWEB Commitment to SecurityAmosWEB only collects information from AmosWEB site Users to the extent deemed reasonably necessary to serve its legitimate business purposes, and it uses state-of-the-art security technology to ensure the security, integrity, and privacy of all collected information. In addition, AmosWEB uses security measures in connection with the collection and transmission of AmosWEB site User information during each AmosWEB site's registration process. Nonetheless, AmosWEB is not responsible for any breach of its security or for the actions of any third parties that may obtain any AmosWEB site User information, including Personal and Institutional Information. AmosWEB Links to Other Web sitesThe AmosWEB site contains links to other Web sites. AmosWEB is not responsible for the privacy practices or content of these third-party Web sites. We urge all AmosWEB site users to follow safe Internet practices: Do not supply personal information to these Web sites unless you have verified their security and privacy policies. Your Consent and Changes to Privacy PolicyThis Privacy Policy was last changed on January 14, 2006. By using the AmosWEB site, you consent to the collection and use of your information by AmosWEB in the manner specified in this Privacy Policy. AmosWEB reserves the right to change or amend this Privacy Policy at any time by posting the revised Privacy Policy on the AmosWEB site. |
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UNEMPLOYED The condition in which a resource (especially labor) is NOT actively engaged in a productive activity, but IS actively seeking employment. This general condition forms the conceptual basis for one of the three categories used by the Bureau of Labor Statistics (BLS) when classifying an individual's labor force status--employed persons. The other two BLS categories are employed persons and not in the labor force.
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Playing The STOCK MARKETThe hazards of being a pedestrian are many. Of course we have a good chance of crossing paths with a rabid bengal tiger that has highjacked a street cleaner and intends to whitewash every pair of jogging shoes encountered. Or a throng of overzealous religious fanatics might try to slip fresh flowers into our hands and literature into our pockets. And especially when we amble through the financial district, we might be crushed by falling stock market investors who have mistakenly BOUGHT HIGH and SOLD LOW. While the actions of the bengal tiger and overzealous religious fanatics might be understandable, what's so almighty important about the stock market that would make investors place the well-being of innocent pedestrians in jeopardy?
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GREEN LOGIGUIN [What's This?]
Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius hoping to buy either a T-shirt commemorating the 2000 Olympics or a genuine fake plastic Tiffany lamp. Be on the lookout for malfunctioning pocket calculators. Your Complete Scope
This isn't me! What am I?
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The portrait on the quarter is a more accurate likeness of George Washington than that on the dollar bill.
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"When the solution is simple, God is answering." -- Albert Einstein
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IARA Increasing Absolute Risk Aversion
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