Questions and Answers
What does the balance of payments account for?
Flow of goods, services, and funds in and out of the country
Which factor can lead to an increase in national income?
Rich tourists buying items at high prices
Which statement about employment in tourism is accurate?
Tourism and hospitality generate employment faster for developing nations
How does tourism and hospitality impact the balance of payments?
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What can lead to a negative economic effect in the context of tourism?
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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?
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