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What (who) is dismissal wage - definition
ECONOMIC EFFECT THAT REAL INCOME RATIOS BETWEEN HIGH AND LOW INCOME COUNTRIES ARE SYSTEMATICALLY EXAGGERATED BY GDP CONVERSION AT MARKET EXCHANGE RATES
Low-wage economy; Low wage economy; High-wage economy; High wage economy; Low-wage economies
dismissal
WIKIMEDIA DISAMBIGUATION PAGE
Dismiss; Dismissed; Dismissals; Dismissal (disambiguation)
n.
See dismission.
Dismiss
WIKIMEDIA DISAMBIGUATION PAGE
Dismiss; Dismissed; Dismissals; Dismissal (disambiguation)
·noun Dismission.
II. Dismiss ·vt To send away; to give leave of departure; to cause or permit to go; to put away.
III. Dismiss ·vt To lay aside or reject as unworthy of attentions or regard, as a petition or motion in court.
IV. Dismiss ·vt To Discard; to remove or discharge from office, service, or employment; as, the king dismisses his ministers; the matter dismisses his servant.
dismiss
WIKIMEDIA DISAMBIGUATION PAGE
Dismiss; Dismissed; Dismissals; Dismissal (disambiguation)
¦ verb
1. order or allow to leave; send away.
2. remove from employment or office.
3. treat as unworthy of serious consideration.
4. Law refuse further hearing to (a case).
5. Cricket end the innings of (a batsman or side).
Derivatives
dismissal noun
dismissible adjective
Origin
ME: from med. L. dismiss-, var. of L. dimiss-, dimittere 'send away'.
Wikipedia
Penn effect
The Penn effect is the economic finding that real income ratios between high and low income countries are systematically exaggerated by gross domestic product (GDP) conversion at market exchange rates. It is associated with what became the Penn World Table, and it has been a consistent econometric result since at least the 1950s.
The "Balassa–Samuelson effect" is a model cited as the principal cause of the Penn effect by neo-classical economics, as well as being a synonym of “Penn effect”.
