In Order to Effectively Evaluate a Training Program the Specific

question 13

True/False

In order to effectively evaluate a training program the specific objectives of the program must be known.

Recognize the primary gains from international trade for involved countries.

Analyze how production and trading possibilities curves imply efficiency and economic growth through specialization.

Calculate the total gains from specialization and trade based on comparative advantage using production possibilities data.

Understand how comparative cost differences between countries influence production specialization.

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Definitions:

Discount Period

The timeframe within which a buyer can take advantage of a discount for paying an invoice early.

F.O.B Shipping Point

Free on Board Shipping Point, a term indicating that the buyer takes responsibility for goods the moment they leave the seller's premises.

Discount Period

The time frame in which a buyer may take advantage of a discount offered by a seller for early payment.

Invoice Price

The price at which a product or service is sold, typically listed on an invoice as the cost before any discounts or allowances.