Economic Impacts of Tourism

The process by which goods and services are produced, sold, and bought in a country or region

(a)  

A tourist buying a souvenir using their original currency in an example of ___________.

• Contribution to the Local Economies

• Government Revenues

• Foreign Exchange Earnings

• Generation of Employment

Creation of new tourist establishments leads to ___________.

• Contribution to the Local Economies

• Government Revenues

• Foreign Exchange Earnings

• Generation of Employment

Park entrance fees are an example of ___________.

• Contribution to the Local Economies

• Government Revenues

• Foreign Exchange Earnings

• Generation of Employment

The tourism multiplier effect is best observed under ___________.

• Contribution to the Local Economies

• Government Revenues

• Foreign Exchange Earnings

• Generation of Employment

Maria believes that patronising the experimental but local fertiliser is better than buying the established foreign brand. This is a micro-level example of ___________.

• Leakages

• Tourism Overdependence

• Inflation

• Opportunity Cost

Jose decided that investing in NFTs based overseas is the best way to improve his business. This is a micro-level example of ___________.

• Leakages

• Tourism Overdependence

• Inflation

• Opportunity Cost

Transportation strikes are happening everywhere due to increased prices in gas. This event occurred due to ___________.

• Leakages

• Tourism Overdependence

• Inflation

• Opportunity Cost

Tourism Overdependence can be seen within the following instances except
___________.

• Locals are learning to fish while the beach is closed off to the public for more than a month to be rehabilitated.

• Tourists are allowed to do whatever they want as long as they continue to pay for the services the community offers.

• Every business within the area caters to the tourists of a nearby tourist attraction.

• Merchants are increasing their prices beyond what the locals can afford in order to maximise their profits from tourists.

Give one positive socio-cultural impact of tourism

(a)