Leisure And Tourism A Practical Guide 1st Edition A. J. Veal - Solutions

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Distinguish between tariff and non-tariff trade barriers.
Outline the merits of protection.
What is trade protectionism?
Outline the merits of free trade.
What is meant by 'free trade'?
How does a strong currency impact upon a country's macroeconomic objectives?
What are the consequences of exchange rate fluctuations for importers, exporters and customers?
What are the causes of exchange rate fluctuations?
What is the likely impact on a country's exchange rate following a decrease in the rate of interest?
What is the likely impact on a country's exchange rate following an increase in the demand for its exports?
What is an exchange rate?
How might a current account surplus be detrimental to the country?
How might a government deal with a current account deficit?
What are the two main causes of a current account deficit?
How does a current account deficit differ from a current account surplus?
What does the 'net income flows and transfers' component of the current account record?
What is the difference between the visible trade balance and the invisible trade balance?
What is the balance of payments?
What are the disadvantages of regional and national specialisation?
What are the advantages of regional and national specialisation?
Give two examples of national specialisation.
Give two examples of regional specialisation.
What is meant by 'specialisation' at regional and national levels?
What are the economic consequences of rapid population growth for the economy and the natural environment?
How does employment in the three sectors of the economy change as an economy develops?
What is the Malthusian growth theory?
What is the optimum population and why do governments strive to reach this?
What is the dependency ratio and why is it important?
What are the economic consequences of an ageing population?
How might economists use population pyramids?
How do social changes impact on the population size and potential population growth?
How is the net migration rate calculated?
What are the economic consequences of rapid population growth for the economy and the natural environment?1 What are the four key factors affecting the rate of population growth?
How does employment in the three sectors of the economy change as an economy develops?
What is the Malthusian growth theory?
What is the optimum population and why do governments strive to reach this?
What is the dependency ratio and why is it important?
What are the economic consequences of an ageing population?
How might economists use population pyramids?
How do social changes impact on the population size and potential population growth?
How is the net migration rate calculated?
What are the four key factors affecting the rate of population growth?
Investigate China's one-child policy and answer the following questions:a) Why was the one-child policy introduced?b) What are the exemptions to the policy?c) What are the positive and negative consequences of the policy for future generations?
Use the internet to investigate the effects of the changing size and structure of population on a country of your choice. Consider the impact of these changes on households, firms and the government in the country.
What are the main policies that can be used to alleviate poverty?
What is the poverty line?
Distinguish between absolute poverty and relative poverty.
Why do standards of living vary within and between countries?
Define the term 'standards of living'.
What are the main characteristics of less economically developed countries?
What are the criticisms of using the HDI as a measure of standards of living?
What is the Human Development Index?
Distinguish between more economically developed and less economically developed countries.
How does the World Bank classify countries in terms of economic development?
What are the advantages and disadvantages of using the Human Development Index (HDI) to measure standards of living?
How do calculations of GDP per head help to measure living standards?
What is meant by 'a recession'?
What are the consequences, both positive and negative, of economic growth?
What are the causes of economic growth?
What is economic growth and how is it calculated?
What is meant by 'gross domestic product (GDP)?
Give three examples of supply-side policies that can be used to reduce unemployment.
What are the four main government policies that can be used to reduce domestic unemployment?
What are the consequences of high unemployment in the economy?
Outline the main types (and hence the causes) of unemployment.
Why is employment a macroeconomic objective of all governments?
How is the unemployment rate calculated?
How does the International Labour Organisation measure unemployment?
How have ageing populations in developed economies affected employment patterns?
Why has there been a delay in most developed countries for labour to enter the workforce?
How does the pattern of employment in the three production sectors change as an economy develops?
Outline the main consequences of deflation.
Differentiate between malign deflation and benign deflation.
What are the two main causes of deflation?
What is deflation?
Outline the main consequences of inflation.
What are the two key causes of inflation?
What is a base year?
Why are weights used in the calculation of a CPI or an RPI?
What is the consumer price index and how does it differ from a retail price index?
What is meant by 'inflation'?
Examine how some Iranians are likely to have been more affected than others by the double-digit inflation rates.
Explain two reasons why the Iranian government might aim to control the level of inflation in its economy.
With reference to the data in Table 18.5, explain why prices in Iran were generally higher in 2013 than in 2012.
Explain why the global financial crisis of late 2008 would have caused a fall in India's rate of inflation.
Distinguish between cost-push inflation and demand-pull inflation.
Identify when the rate of inflation was at its highest and lowest in India.
What is the difference between tax avoidance and tax evasion?
How do taxes affect: economic growth, inflation and incentives to work?
What is the difference between progressive, regressive and proportional taxes?
State two examples of direct taxes and two examples of indirect taxes.
What is the difference between direct and indirect taxes?
What are the limitations of using fiscal, monetary and supply-side policies to control economic activity?
Why might a government choose to use supply-side policies?
What are supply-side policies?
Why might a government choose to use monetary policy?
Explain the differences between expansionary and contractionary monetary policy.
What is monetary policy?
Why might a government choose to use fiscal policy?
What are the differences between expansionary and contractionary fiscal policy?

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Leisure And Tourism A Practical Guide 1st Edition A. J. Veal - Solutions

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