How Much Do You Know About Tourism's Economic Impact?

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Questions and Answers

True or false:Visitor exports refer to spending by domestic tourists in a country.

False (B)

True or false:Direct effects of tourism come from investments in tourism and purchases from suppliers.

False (B)

True or false: Induced effects in tourism refer to the collective spending of direct and indirect employees.

True (A)

True or false: Induced effects of tourism refer to the collective spending of direct and indirect employees.

<p>True (A)</p> Signup and view all the answers

True or false: Dynamic effects in tourism refer to short-term effects like job creation.

<p>False (B)</p> Signup and view all the answers

True or false: The tourism value chain includes only suppliers of needed inputs.

<p>False (B)</p> Signup and view all the answers

True or false: Measuring tourism's economic contribution is easy because it's embedded in the services sector.

<p>False (B)</p> Signup and view all the answers

True or false: Measuring tourism's economic contribution is easy because it's embedded in the manufacturing sector.

<p>False (B)</p> Signup and view all the answers

True or false: The tourism value chain only includes suppliers of accommodations and entertainment.

<p>False (B)</p> Signup and view all the answers

True or false: The main beneficial impacts of tourism on the economy include job creation, livelihood generation, tax revenues, and economic regeneration.

<p>True (A)</p> Signup and view all the answers

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Study Notes

  • Tourism has four types of economic impact: direct, indirect, induced, and dynamic.
  • Direct effects come from tourist spending on commodities like accommodation and entertainment.
  • Visitor exports refer to spending by international tourists in a country.
  • Indirect contribution comes from investments in tourism and purchases from suppliers.
  • Induced effects are the collective spending of direct and indirect employees.
  • Dynamic effects refer to longer-term macro-level effects like infrastructure improvement.
  • Measuring tourism's economic contribution is difficult because it's embedded in the services sector.
  • The tourism satellite accounting system (TSA) is used to measure economic contribution.
  • The main beneficial impacts of tourism on the economy are job creation, livelihood generation, tax revenues, and economic regeneration.
  • The tourism value chain includes suppliers of needed inputs and entities that benefit indirectly from tourism development.

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