If You Travel to Mexico You Will Often See Currency

question 14

Essay

If you travel to Mexico you will often see currency exchange businesses along the way as you approach the border. Even though each of these businesses is essentially "selling" the same product (i.e. Mexican pesos) how is it that some of them are able to charge more for the peso than others?

Understand the distinction between formative and summative evaluations in the context of training programs.

Acknowledge the relevance of specific versus general behaviors in training evaluations.

Understand the complexity and necessity of causal evaluations in training programs.

Explore the reasons behind the limited use of sophisticated training evaluations by organizations.

---

Definitions:

Multiplier

In economics, the multiplier effect refers to the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.

Government Spending

Expenditures by government agencies on goods and services that are intended to improve the nation's economy and the welfare of its citizens.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific period of time.