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When tourists spend money at local attractions, the employees working at the local attractions earn income and spend a portion of their money at local restaurants and stores. What concept does this situation illustrate?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
How does a high level of inflation affect the hospitality and tourism industry?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
What economic condition typically occurs during a popular vacation destination's off-season?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
What typically results when a destination's hospitality and tourism businesses continuously attracts visitors?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
What is an advantage to a resort community that experiences an increase in travel and tourism?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
Which of the following economic indicators suggests that a country is likely to experience an overall decrease in domestic travel and tourism?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
What process has led to an interdependency of travel and tourism activities amond different countries to strengthen their national economies?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
Why do popular vacation destinations tend to experience economic highs and lows at certain times of the year?
The economic multiplier
The local economy thrives.
Globalization
Higher unemployment
More employment opportunities
Tourists' purchasing power decreases
Consumer spending increases
Travel and tourism are cyclical
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