The Economic Impact of Tourism Quiz
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Questions and Answers

What are some ways tourism can bring money into a destination?

  • Tariffs, embargoes, sanctions, and trade agreements
  • Employment, currency exchange, imports, and taxes (correct)
  • Subsidies, grants, donations, and remittances
  • Foreign aid, technology transfer, cultural exchange, and investments

What are some reasons for the recent global increase in tourism numbers?

  • Improvements in technology, increases in disposable income, growth of budget airlines, and consumer desires to travel further (correct)
  • Political stability, decrease in disposable income, decrease in airline routes, and limited consumer desire to travel
  • Rise in fuel prices, decrease in technology, decrease in consumer desires to travel, and increase in trade restrictions
  • Decrease in technology, increase in political instability, decrease in disposable income, and rise in budget airlines

Who are important players in the overall success of the tourism industry?

  • Independent, franchised, or multinational investors (correct)
  • Local residents, non-governmental organizations, and academic institutions
  • Government agencies, international organizations, and environmental activists
  • International tourists, domestic tourists, and travel bloggers

What do many businesses and individuals do to help fund their initial ventures in the tourism industry?

<p>Take out loans (B)</p> Signup and view all the answers

What is one of the reasons why investing in tourism is considered big business?

<p>Tourism brings huge economic potential and money into a destination (A)</p> Signup and view all the answers

<p>Tourism brings with it huge economic potential for a destination that wishes to develop their tourism industry.</p> Signup and view all the answers

<p>There are a number of reasons for this growth including improvements in technology, increases in disposable income, the growth of budget airlines and consumer desires to travel further, to new destinations and more often.</p> Signup and view all the answers

<p>There are a number of independent, franchised or multinational investors who play an important role in the industry.</p> Signup and view all the answers

<p>Many businesses and individuals will take out loans to help fund their initial ventures.</p> Signup and view all the answers

<p>So, investing in tourism is big business, that much is clear.</p> Signup and view all the answers

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