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TG001 exam

Last updated over 5 years ago

5 questions

20

Question 1

1.

Using tourism examples, explain the income effect (2 examples) and substitution effect (2 examples) that underlie tourism consumer behavior.

5

Question 2

2.

5

5

5

Economic theory suggests that price and tourism demand should have an inverse relationship. Explain why.

Question 3

3.

"Tourism is defined from the demand side rather than the supply side". Explain, with 2 examples.

Question 4

4.

How do low-cost carrier airlines differ from traditional airline carriers? Provide at least 7 differences.

Question 5

5.

What are the roles of different transport modes in enabling tourism?