Examlex
The use of the word "guard" was replaced by "correctional officer" in the rehabilitative era.
Marginal Cost
The cost of producing one additional unit of a good or service, which can change depending on the level of production.
Costume Party
A social gathering where participants wear costumes and often engage in themed activities, not a term typically associated with economics.
Black Panther
A member of the Black Panther Party, a revolutionary black nationalist and socialist organization active in the United States from 1966 until 1982.
Opportunity Cost
Passing up on potential profits from a range of choices when one selection is made.
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