ECO 110 Week 10
.docx
School
Strayer University, Atlanta**We aren't endorsed by this school
Course
ECO 110
Subject
Economics
Date
Dec 19, 2024
Pages
1
Uploaded by ChefFreedomDugong39
ECO110Week 101.Compensating Wage Differential - A difference in the wage rate - negative or positive - that reflects the attractiveness of a job's working conditions2.Nonexcludable Good-A good that is difficult, or costly, to exclude nonpayers fromconsuming3.Nonrival Good-good whose consumption by one person does not diminish its availability for others4.Normal Good-A good whose demand curve shifts rightward when the incomes of buyers increase5.Outsourcing-A term increasingly used to connote having services performed by low-wage workers overseas
