The Economic Impacts of Tourism Quiz
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Questions and Answers

What does the balance of payments account for?

  • National income and its components
  • Employment generation in developing nations
  • Inflation and its impact on land values
  • Flow of goods, services, and funds in and out of the country (correct)
  • Which factor can lead to an increase in national income?

  • Inflation affecting land values
  • Rich tourists buying items at high prices (correct)
  • Employment generation in developing nations
  • Low wages in developed nations
  • Which statement about employment in tourism is accurate?

  • Developed nations pay higher wages in tourism and hospitality
  • Tourism and hospitality generate employment faster for developing nations (correct)
  • Hospitality employees in developed nations are usually paid more
  • Tourism employees in developing countries are usually paid less
  • How does tourism and hospitality impact the balance of payments?

    <p>It has a major influence on the country's balance of payments</p> Signup and view all the answers

    What can lead to a negative economic effect in the context of tourism?

    <p>Inflation affecting land values</p> Signup and view all the answers

    Study Notes

    What does the balance of payments account for? Which factor can lead to an increase in national income? Which statement about employment in tourism is accurate? How does tourism and hospitality impact the balance of payments? What can lead to a negative economic effect in the context of tourism?

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    Description

    Test your knowledge of positive and negative economic effects related to tourism with this quiz. Explore the impacts on inflation, land values, income, and national income as they relate to the tourism industry.

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