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."
Discuss three reasons the tourism industry engages in international. (3 Marks)
Discuss three ways tourism industry gain by engaging in international trade. (3 Marks)
Discuss three reasons the implementation of barriers on international trade benefits the tourism industry. (3 Marks)
Discuss how the recent Covid-19 has impact international trade in the tourism industry. (4 Marks)
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