Economic Systems: Barter System

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Questions and Answers

What is the primary purpose of a tourist, as defined in the tourism industry?

To participate in business conferences or missions

To travel for pleasure, recreation, or health (correct)

To stay in one's usual environment for more than a year

To engage in remunerated activities from the place visited

Which marine animal is protected by law during the month of June?

Nassau grouper

Red hind

Lobster-conch whelk

Margate (correct)

What is the total number of tourists that come to our country?

295,841 (correct)

100,000

200,000

300,000

What is the primary region from which tourists come to our country?

The United States of America Signup and view all the answers

What type of tourist travels within a defined region such as the Caribbean region?

Regional tourist Signup and view all the answers

What is the closed season for the Nassau grouper?

April 30 Signup and view all the answers

Which of the following jobs is NOT related to the tourism industry?

Doctors Signup and view all the answers

What is the main economic activity associated with tourism?

Leisure business Signup and view all the answers

What is the primary method of exchange in a barter system?

Direct trading of goods, services, and resources without using money Signup and view all the answers

What is the main difference between agriculture and farming?

Agriculture is the growing of crops and raising of animals, while farming is the business of growing crops and raising livestock Signup and view all the answers

Why were African foods better suited to grow in the Virgin Islands?

Because the tropical climate and topography of the Virgin Islands were similar to those of the African continent Signup and view all the answers

What was the significance of African women cooking on the plantations?

They cooked what and how they knew, introducing African crops to the Virgin Islands Signup and view all the answers

What is the purpose of a closed season in fishing regulations?

To protect endangered species from being hunted Signup and view all the answers

What is the consequence of taking lobsters, conchs, and wigs from the sea during the closed season?

It is illegal and can result in fines Signup and view all the answers

What is the main reason why European crops were unsuitable for growing in the Virgin Islands?

Because they were not suitable for the tropical climate Signup and view all the answers

What is the term for a species that is very likely to become extinct?

Endangered species Signup and view all the answers

Study Notes

Barter System

Barter system is an old method of exchange, used for centuries before money was invented.
It involves direct trading of goods, services, and resources without using money.

Economic Activity in the VIR Culture

The tropical climate and topography of the Virgin Islands are similar to those of the African continent.
African foods were better able to grow in the territory, and were incorporated into the diet of slaves and present cultural foods.
Examples of African foods include okra, spinach, pumpkin, yam, pigeon, peas, and cucumber.
European foods, such as wheat, barley, rye, and oats, were unsuitable for growing in the tropical climate.
African women cooked on the plantations, and their cooking traditions were passed down.

Economic Activity Fishing

Endangered species are species that are very likely to become extinct.
Closed season is a period of the year in which the hunting of particular types of animals, such as birds or fish, is not allowed.
Fishing regulations are in place to protect marine animals, including lobsters, conch whelk, and wigs, which are endangered species.
Specific closed seasons are in place for certain species, such as lobster-conch whelk (July 1 to August 31), Margate (June 15), Nassau grouper (April 30), and Red hind (February 15).

Economic Activity Tourism

Tourism involves traveling to and staying in places outside of one's usual environment for not more than one consecutive year.
Tourism can be for leisure, business, or other purposes.
Types of tourists include domestic tourists, who travel within their own country, and regional tourists, who travel within a defined region.
Most tourists come to the country from the United States of America, Canada, Europe, the Caribbean region, and other countries.
In 2019, the total number of tourists was 295,841, with 24,390 from the USA, 8,648 from Canada, and 38,619 from South America and Europe.
Many people in the country have jobs related to the tourism industry, including tour guides, bartenders, Marina guides, lifeguards, captains, hotel workers, charter chefs, park workers, and immigration officers.

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Description

Explore the basics of the barter system, a method of exchange used before money was invented. Learn about economic activity in the Virgin Islands culture and how African influences shaped the local economy.