Question
International trade is the exchange of goods and services between countries which gives rise to a world market in which prices, or supply and demand
"International trade is the exchange of goods and services between countries which gives rise to a world market in which prices, or supply and demand are affected by global events such as Covid-19. International trade plays a vital role in any sector/industry and if well managed it provides prospered results."
With reference to the above statement select a Tourism and have the following discussion
Discuss three reasons the Tourism industry engages in international trade.?
Discuss three ways the Tourism Industry gain by engaging in international trade. ?
Discuss three reasons the implementation of barriers on international trade benefits the Tourism
Discuss how the recent Covid-19 has impact international trade in the Tourism.
Discuss three policy recommendations the Tourism could implement to adapt to the new normal or post covid-19 to boost international trade.
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