What are the five main reasons why the travel and tourism industry is important in the United States?

1 answer:

7 0

Over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world. ‎Modern tourism is closely linked to development and encompasses a growing number ‎of new destinations. These dynamics have turned tourism into a key driver for socio-‎economic progress.‎

Today, the business volume of tourism equals or even surpasses that of oil exports, ‎food products or automobiles. Tourism has become one of the major players in ‎international commerce, and represents at the same time one of the main income ‎sources for many developing countries. This growth goes hand in hand with an ‎increasing diversification and competition among destinations.‎

This global spread of tourism in industrialised and developed states has produced ‎economic and employment benefits in many related sectors - from construction to ‎agriculture or telecommunications.‎

The contribution of tourism to economic well-being depends on the quality and the ‎revenues of the tourism offer. UNWTO assists destinations in their sustainable ‎positioning in ever more complex national and international markets. As the UN agency ‎dedicated to tourism, UNWTO points out that particularly developing countries stand to ‎benefit from sustainable tourism and acts to help make this a reality

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10. Which of the following scenarios would best exemplify Adam Smith's view of best serving the

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E. Individuals in the country may pursue their own economic growth and self-interest by doing whatever is best for them

Explanation:

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3 years ago

Which one of the following statements best defines the efficient market hypothesis? A. Efficient markets limit competition. B. S

lubasha [3.4K]

Answer:

The correct answer is letter "D": All securities in an efficient market are zero net present value investments.

Explanation:

The Efficient Market Hypothesis (EMH) states that neither public or insider information cannot help in an attempt to beat the market because stocks already show all available information possible. Thus, neither using technical or fundamental analysis could be useful to predict future stock price movement.

In other words, in a market under EMH all stocks are zero Net Present Value (present value inflows minus present value outflows) investment vehicles.

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3 years ago

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Answer: This discuss would be best placed within the section of the prospectus known as the management section.

Explanation:

The management section in the prospectus has the information regarding the management team biography and the key people in the company. The board's role in risk oversight is through developing policies to build strategies that are consistent with risk ability of the X Company.

Enterprise risk management is a strategy that helps is preventing the company from any hazards. ERM has its effect on the operations of the company so the Board plays a major role in managing ERM.

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3 years ago

Piaget’s concrete operational stage is characterized by the active, appropriate use of __________.

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Piaget’s concrete operational stage is characterized by the active, appropriate use of: logic.

Jean Piaget was a developmental biologist and psychologist who was born on the 9th of August, 1896 in Neuchâtel, Switzerland.

Piaget worked extensively on cognitive development in infants and teenagers based on the following:

Judgement.

Knowledge.

Thoughts.

Jean Piaget's stages of cognitive development in an ascending order includes;

I. Sensorimotor stage.

II. Preoperational stage.

III. Concrete operational stage.

IV. Formal operational stage.

The concrete operational stage is typically described as age 7 through age 11, at which the child thinks logically.

In conclusion, the active, appropriate use of logic is a feature of John Piaget’s concrete operational stage.