24. Which of the following are ways in which the people of Central America and the Caribbean can make money from the tourism? Select all that apply. O a. street vending O b. factory production O c. teaching O d. giving guided tours O e. leading fishing trips

24. Which of the following are ways in which the people of Central America and the Caribbean can make money from the tourism? Select all that apply. O a. street vending O b. factory production O c. teaching O d. giving guided tours O e. leading fishing trips

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter1: Ten Principles Of Economics

Section: Chapter Questions

Problem 5PA

See similar textbooks

Related questions

Q: y are US and China involving themselves in trade war? What could be possible implication of this…

A: The trade war between these two developed nations is occurring because each nation wants to show…

Q: Table 1: Price and quantity for three types of product [Jadual I: Harga dan kuantiti sntuk tiga…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: In what ways have the processes of corporate globalization influenced and affected the ideas and…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: For all questions, refer to the graph on the reverse side. Use this graph for 1 – 4. The graph…

A: Two goods are said to be substitutes if one good can be used in place of the other. Two goods are…

Q: Suppose that the Brazilian government destroys a substantial portion of its coffee harvest in order…

A: Explanation:-

Q: 8. A) What is globalization? How do we know it is occurring? B) What is the benefits/costs of…

A: A) Globalization refers to the expansion of technology, goods, jobs, and knowledge (information)…

Q: Figure 33 Offer curves of Nation 1 and Nation 2 PA-4 -2 P-P-1 30 30 30 BÁNH VÀ The offer curve of…

A: The offer curve is the trading behavior of a country that shows exports and imports using the…

Q: 2. How are the Western fast food companies doing in China? McDonald’s, Starbucks, and KFC are here.…

A: The western fast food companies like McDonald’s, Starbucks, and KFC are doing business in china. The…

Q: How can traders influence the economy as a whole?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 6. According to Ricardo, a country will have a comparative advantage in: Industries in which there…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1. When should a company ideally enter a foreign market? a) when the foreign market is saturated…

A: Any market which lies outside of the home country is known as a foreign market. It involves dealing…

Q: why is becoming suppliers for foreign firms a good stragey when evnte

A: Market entry techniques are strategies organizations use to design, disperse and convey products to…

Q: a. If these countries trade, which country will have a higher wage? Why is this the case? b. Using a…

A: The division of labour is the separation of the responsibilities in any financial gadget or…

Q: Envision that the territory of South Dakota chooses to put resources into K-12 instruction by taking…

A: According to the question above, there may be a future possibility that the territory of South…

Q: A real quantity is a quantity measured: Select one: O a. in physical terms. O b. using real prices.…

A: The real quantity is the actual quantity produced in the particular time period.

Q: a) Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of…

A: Lets graph out the production possibility curve:

Q: Question 3 Why did immigration go down in the 1920s? Your answer: O Increase in need for labor O A…

A: Immigration basically means the permanent shift of individuals to a foreign country. Initially the…

Q: 9. A) What is globalization? How do we know it is occurring? B) What are the benefits/costs of…

A: Answer - Part A Answer - Globalization :- It is over all inter connection and inter dependence of…

Q: Consider Kharkeez, a hypothetical country that produces only cakes. In 2018, a cake is priced at…

A: Price Number of cakes with 300 2018 4 300/4 = 75 2019 4+4*0.2 = 4.8 300/4.8 = 62.5 = 64

Q: If the world price is greater than $120, does this create a shortage or surplus of contact lenses in…

A: Answer: Surplus: surplus occurs when the supply of goods is more than the demand for goods. If the…

Q: What type of publications catered to urban dwellers and immigrants?

A: A person who immigrates to a country for the purpose of establishing a permanent residence.

Q: a) Suppose the two countries engage in international trade, and that the international relative…

A: Answer a).

Q: $4.50 - 4.00 3.50 3.00 2.50 2.00 1.50 1.00 D 0.50 1 2 3 4 6 7 8 9 10 11 12 13 14 15 Quantity…

A: The market reaches equilibrium at a point where demand curve intersects the supply curve. Any price…

Q: Indicate whether each of the following statements is true or false. Statement True False 1. There…

A: Absolute advantage refers to a situation when a country produces higher units of a particular good…

Q: 8. Assume that now trade happens. The relative supply of wine in the home country is less than the…

A: It is given that the domestic supply of wine is less in home country than the world due to which…

Q: * Question Completion Status: QUESTION 46 Figure 9-2 Price (dollars per pound) US Supply B $1.00 Pw…

A: In an open economy, the imposition of tariffs on imports by the government is the move towards…

Q: Enumerate the effects of the global pandemic on international trade and economic performance of the…

A: The Covid-19 epidemic has had a significant impact on people's lives and livelihoods. It has also…

Q: What has been the impact of technology and the Internet on global culture? Select one: O a. The…

A: Technology is the set of skills, processes, methods, and activities that are used in producing…

Q: positive socio-cultural effect to a restaurant? O Increase in the purchasing power of the people O…

A: The socio-cultural impact is a way in which the community changes, how the individual values change,…

Q: Stop & Jot 1 How is energy use per Capita different from the total energy use of a country? What…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Why is oil such an important natural resource in this region of the world? How do places lik Saudi…

A: Middle East countries have the huge reserves of oil because they are situated on the seabed. As a…

Q: One word What refers to the quantity of the commodity that all the consumers are willing and able to…

A: According to the given question It is the MARKET DEMAND which refers to the quantity of the…

Q: 3. The country of Patagonia has produced the following quantity of gauges and potatoes, with the…

Q: 9 How can firms build a strong service culture

A: It's all about what goes on inside your firm when it comes to customer service culture. The way your…

Q: D Question 24 How was the USS Maine important to U.S. imperialism? O it was the primary ship used in…

A: 24. The movement for independence in Cuba a southern American country from colonial Spain attracted…

Q: 1. Continuing to produce diesel-powered cars will mean that Toyota can produce fower hybrids than it…

A: Production possibility frontier or curve shows the two goods possible combination which can be…

Q: QUESTION 1 Policies for controlling toxic emissions include the following: A. Controlless of toxic…

A: Sovereignty Sovereignty is the supreme supervisor, or agency, in the country's decision-making…

Q: Production possibilities for one week for Simran and Preet Simran Preet Good X 160 Good X Good Y…

A: Absolute advantage refers to the ability to produce more goods using same resources or same quantity…

Q: Context In this week's discussion, you are going to be the CEO of a company. In anticipation of the…

A: * ANSWER :- *

Q: . Explain why creativity is important in public relations and how it can be used? 3. What are key…

A: Concept of creativity in public relations Brands and enterprises may communicate with their…

Q: Suppose you buy an accessory that will be used in your production activity and is worth a thousand…

A: Production is the process of combining various material and immaterial inputs (plans, know-how) to…

Q: ST 40,000 (Commerce 5,000; Medicine 15%; AB 20%; Law 5% and others) Average price per computer…

A: Concentration is the mental effort you put forth to focus on whatever you're working on or learning…

Q: planning to spend Saturday working at your part time job, but a friend asks you to go skiing. 3. You…

A: The opportunity cost of an activity is the value of the next best activity forgone. For example, a…

Q: Question 1: Assume there are two nations: Panama and Guatemala that produce two commodities:…

A: Comparative Advantage - A country has a comparative advantage that good if opportunity cost of that…

Q: Some companies play up their home-country roots asthey expand internationally, such as the way BMW…

A: International trade means the trade of goods and services between two different nations.…

Question

I may have the answer but I'm not sure

24. Which of the following are ways in which the people of Central America and the Caribbean can make money from the tourism?
Select all that apply.
O a. street vending
O b. factory production
c. teaching
O d. giving guided tours
O e. leading fishing trips

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Envision that the territory of South Dakota chooses to put resources into K-12 instruction by taking care of the expense of a Computers for each student. It concludes that it will contribute $15 billion today since it accepts it will result in $22 billion of advantages in 5 years, and an extra $52 billion of every 20 years. Utilizing a rebate pace of 0.05, is the undertaking a Kaldor-Hicks working on one? Should the province of South Dakota seek after the speculation? Do you believe that outcome would change with a rebate pace of 3%? 7%? You don't have to work out these in calculation; simply examine what might almost certainly happen to the end-product.
Plz answer the all you definitely get upvote 1. When should a company ideally enter a foreign market? a) when the foreign market is saturated b) when the costs of labor and resources are higher than the domestic costs c) when the demand for the product declines in the domestic market d) when competition in the domestic market is the least 2. Which of the following hampers the growth of global economy? a) spread of capitalism around the world. b) encouraging protectionism c) terms and conditions of NAFTA 3. Companies that re willing or able to invest millions of dollars in operations abroad should ideally operate through _____? a) franchising agreements b) multinational corporations c) licensing agreements d) shell corporations
Pls explain it in simple words. Suppose that the Brazilian government destroys a substantial portion of its coffee harvest in order to increase its revenue from coffee exports. What conditions are essential in order to make this type of policy economically beneficial for the country? Why would the conditions you identify increase export revenues?
EXPLAIN THIS AND MAKE IT MORE READABLE PLEASE : how does the importation of rice satisfy local demands and how it affects Philippines' economy and the people of the Philippines in general?
1.Which characteristics a person making handicrafts should acquire to develop marketable products? 2.Why should you apply finishing materals on products? 3.What should you do to achieve a beautiful and attractive product
2. How are the Western fast food companies doing in China? McDonald’s, Starbucks, and KFC are here. Can Tim Hortons learn something from the experiences of these companies in China?
How much time do people in the oilfields work and how much time do they have on vacations (oilfields in midland).
1.What best explains the â€œRise of the Westâ€ that is, the economic, political andmilitary ascendancy of Western Europe and its offshoots (United States etc) inthe world economy after 1800? Discuss.2.â€œThe Industrial Revolution that began around 1800 has been the biggest andfastest transformation of production in the entire history of the world.â€ Discuss.3.â€œThe roots of both modern global economic prosperity and poverty (the soÂcalledGreat Divergence) are in the Industrial Revolution that began in the late 18thcentury.â€ Discuss.4.â€œThe rise of the industrial economies based on technological progress and theIndustrial Revolution since 1800 is the central event of modern history. Nothingelse even comes close. This has affected the world in this period more than allother social and political changes taken together.â€ Discuss.5.Have the economic and…
What are the type of tourism and define each
Course: Macroeconomics Assume that one day's labor in Argentina can produce either 20 units of cloth or 2 units of wine, while in Chile one day's labor can produce either 24 units of cloth or 12 units of wine. Which country has the absolute advantage in producing cloth? Which country has the absolute advantage in producing wine? Which country has the comparative advantage in producing cloth? Which country has the comparative advantage in producing wine? (Show opportunity cost calculations.)
Raffe, an American, works for a company that manufactures electronics. His managers select him for an assignment to lead the launch of a new product line in Germany. Which topic will be the most important during training to prepare him for the assignment? A. the advantages of U.S. culture B. marketing skills C. how to determine the purchasing power of his salary in Germany D. details about the new product lin E. what to expect from German cultur
With explain this question