MPC
1
8.9
- noun
- Specialized
- But juries cannot exercise their power of nullification to increase a sentence, and thus the MPC's concern would be inapplicable.
Examples
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Part IV proposes revisions to the MPC fashioned after solutions implemented by certain states that have attempted to address the risks identified in Part III.
Academic text (2017) -
Notably, many states that have adopted the MPC, either in full or in part, have adopted the 1979 version but have not amended their procurement codes to reflect the 2000 MPC changes, which require normal full and open competition.
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Again, the comments to the amended MPC do not state the reason for this change.
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In addition, many state procurement codes, as well as the MPC, call for protecting and providing opportunities for specific small business concerns.
Academic text (2017) -
As of 2015, at least twenty-five states adopted the MPC in whole or in part.
Academic text (2017) -
Although most states have not fully adopted the MPC, virtually all states have authorized cooperative purchasing.
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Similarly, virtually none have updated their procurement laws to reflect the 2000 amendments and reforms to the MPC.
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Additionally, the MPC and nearly all other states provide for and presume that procurements for goods and services will be conducted based upon competitive procedures.
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Like modern federal procurement, the MPC provides states with specific guidance on facilitating competition, fostering transparency, promoting socioeconomic goals, and managing intergovernmental relations and purchases.
Academic text (2017) -
The MPC indicates how much of every additional dollar a household will spend on consumption.
Surface Forms
Etymology
MPC stands for marginal propensity to consume, a phrase that shows how much of any 'extra' money people will 'spend' rather than save. So, the MPC is the number economists use to know what part of new income becomes new spending.