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

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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?