All of the following statements regarding comparative advantage are true EXCEPT which?
A) Tourism has a comparative advantage when a region is especially appealing to tourists.
B) Tourism has a comparative advantage when a region has no alternative industry to develop other than tourism.
C) Economic decisions must be based on comparative advantage.
D) Many island economies consider that tourism has a comparative advantage because of their currency exchange rate.
Correct Answer:
Verified
Q2: The United States falls in top-of-mind awareness
Q3: Researchers typically estimate the level of tourism
Q4: From an economics perspective, scarce commodities for
Q5: All of the following statements about multiplier
Q6: A community seeing higher expenditures on health
Q7: When tourism generates dollars that are not
Q8: Which of the following statements is NOT
Q9: In a tourism-related public-private organization, government partners
Q10: Which of the following is NOT usually
Q11: National and state/provincial governments support tourism development
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