Gifted Students in This Program Are Given a Normal Course

question 17

Multiple Choice

Gifted students in this program are given a normal course or program, but activities are added to enhance the understanding and application of what they have learned.

• A) curriculum compacting
• B) acceleration
• C) enrichment
• D) pull-out program

Understand the economics behind trade policies and their impacts on global trade relations.

Recognize the significance of absolute advantage in trade.

Understand the trend of trade sector size in relation to the overall economy.

Understand the concept of implicit marginal taxes and their effect on welfare benefits and work incentives.

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Definitions:

Letter of Credit

A financial document issued by a bank that guarantees a buyer's payment to a seller within a specified timeframe.

Certificate of Deposit

A time-bound deposit held at a bank or financial institution that offers a fixed rate of interest.

Consideration

The value, usually in the form of money, goods, or services, exchanged in a contract between parties.

Contractual Capacity

The legal ability of a party to enter into a contract, including being of legal age and possessing a sound mind.