1. Foundations of Tourism
Tourism Economics — Quiz
Test your understanding of tourism economics with 5 practice questions.
Practice Questions
Question 1
Which of the following describes a situation where money spent by tourists on imported goods or services from foreign-owned companies leaves the local economy?
Question 2
If the price elasticity of demand for tourism to a specific destination is $-0.5$, what would be the approximate percentage change in tourism demand if prices increase by $20$ percent?
Question 3
What is the primary purpose of a Tourism Satellite Account (TSA)?
Question 4
Which of the following is an example of an indirect economic contribution of tourism?
Question 5
If the income elasticity of demand for international travel to a specific country is $1.5$, and average consumer income in a major source market increases by $8\%$, what would be the approximate percentage change in international travel demand to that country?