Capital leakage is best defined as
A) the movement of profits to offshore accounts
B) the loss of profits due to governmental corruption
C) the migration of tourism away from the Caribbean market to other destinations
D) the loss of tourism revenue due to external factors (such as war or an epidemic)
E) the huge gap between gross receipts from tourism and the amount which remains in the local island economy
Correct Answer:
Verified
Q70: How many Free Trade Zones were there
Q71: The lowest Human Development Index (HDI)in the
Q72: What percent of the population of the
Q73: What is the major attraction of offshore
Q74: Which of the following has NOT been
Q76: Approximately how many international tourists visited the
Q77: What are remittances?
A)deposits placed in offshore banks
Q78: Which Caribbean country has the largest number
Q79: Manufacturing accounts for approximately what percent of
Q80: Which two islands are French departments and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents