Question
Economic question, I need a only answer pls 1.Data from the economy of a tourism destination shows that for every dollar spent by tourists in
Economic question, I need a only answer pls
1.Data from the economy of a tourism destination shows that for every dollar spent by tourists in the region $0.4 dollar (40 cents) leaks out of the regional economy. What is the tourism multiplier for this region?
a.2.5
b.2.0
c.4.0
d.0.4
2.Which of the following is NOT a constraint or limitation to free-trade between countries?
a.Adoption of a common currency in trading blocks like Europe.
b.Government introduce import restrictions to protect strategic industries.
c.Countries seek to protect home markets and jobs through import taxes on goods.
d.There are costs involved in adapting imported products for local markets.
3.Which of the following is true of private goods?
a.They are non-rival and excludable.
b.They are rival and excludable.
c.They are rival and non-excludable.
d.They are non-rival and non-excludable.
4.Which of the following strategies for economic development is least likely to be associated with tourism?
a.Population control
b.Export led Growth
c.Infrastructure projects
d.Education and training projects
5.The price (Average Room Rate) of hotel rooms in a destination will tend to increase if:
a.all of the other answers are true
b.the quantity supplied exceeds the quantity demanded at the current price
c.there is a surplus at the current price
d.the current price is below equilibrium
6.If a 5 per cent increase in Airtrain tickets causes a 4 per cent decrease in ticket sales, the elasticity of demand for Airtrain tickets is:
a.1.25
b.1.8
c.0.8
d.4.5
7.If the own price elasticity of demand for tickets on the Airtrain (airport train) is equal to 0.8 within the current price range, an increase in the price of tickets on Airtrain will result in:
a.an increase or decrease in total revenue, depending on the magnitude of the elasticity of supply of tickets on Airtrain
b.total revenue remaining unchanged
c.a decrease in total revenue
d.an increase in total revenue
8.Which of the following would result in a shift of the supply curve for 5 star hotels to the right?
a.additional insurance costs
b.reduced laundry and cleaning charges
c.an increase in the price of hotel rooms
d.new employment awards that increase labour costs
10.In the long run:
a.all inputs are fixed
b.the firm will always produce its capacity output
c.all inputs are variable
d.only the scale of plant is fixed
Which of the following is NOT an approach to preventing the abuse of monopoly power?
a.Government approval of proposed mergers or acquisitions
b.Public ownership
c.Barriers to entry
d.The Australian Competition and Consumer Act
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