According to Cukier and Wall (1994), if a travel business is run by almost all of the economic gain from the activity goes directly to the local population. outsiders foreign firms local residents a franchised company According to Cukier and Wall (1994), if a travel business is run by almost all of the economic gain from the activity goes directly to the local population. outsiders foreign firms local residents a franchised company
Added by Brent C.
Close
Step 1
Step 1: According to Cukier and Wall (1994), when a travel business is run in a way that almost all of the economic gain from the activity goes directly to the local population, it means that the profits and benefits are primarily staying within the community where Show more…
Show all steps
Your feedback will help us improve your experience
Jennifer Stoner and 93 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
If no foreign companies produce in a country, but many of the country's companies produce abroad, then it is probably true that a. the country's GNP exceeds its GDP. b. the country's GDP exceeds its GNP. c. the country's GNP and GDP are equal. d. the country's GDP equals its domestic income.
If workers leave a country to seek out better opportunities in another country, then this will a. move the original economy down along a stationary short-run aggregate supply curve. b. shift the short-run aggregate supply curve of the original country to the right. c. move the original economy up along a stationary short-run aggregate supply curve. d. shift the short-run aggregate supply curve of the original country to the left.
Jennifer S.
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.Businesses can be for-profit entities or non-profit organizations.Business types range from limited liability companies, sole proprietorships, corporations, and partnerships.There are businesses that run as small operations in a single industry while others are large operations that spread across many industries around the world.Apple and Walmart are two examples of well-known, successful businesses.
Crystal W.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD