Podcast
Questions and Answers
What does the balance of payments account for?
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?
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?
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?
How does tourism and hospitality impact the balance of payments?
What can lead to a negative economic effect in the context of tourism?
What can lead to a negative economic effect in the context of tourism?
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.
