Answered: No more than five sentence. Briefly…

Business

Economics

No more than five sentence. Briefly describe/discuss what are the positive impact of the tourism Multiplier effect

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Josel owns two fields: Green . Joint PPF and quantity restriction field and Blue field. He can…

A: The maximum combination of outputs that numerous agents or resources can produce while taking into…

Q: The figure shows the trade-off between consumption and quality of the environment. Which of the…

A: The varying amounts of two different things that society may utilize are represented by a…

Q: Briefly discuss the impact of COVID on the UK economy.

A: Covid 19 has caused worldwide pandemic that has affected the economy of all the countries.

Q: (iv) set Y(0) 1766.667, the equilibrium value. Let investment rise by 100. Derive and plot the open…

Q: Refer to the following figure. This household saves -$50 at an income level of A 1,000 Saving -300…

A: Consumption is the sum of autonomous consumption and consumption dependent on income. Disposable…

Q: how can a firm mantain a smooth production schedule even when sales are fluctuating? what are the…

A: Production is the combination of different inputs and materials to manufacture the output for…

Q: Rahim runs a fruit stand where he sells apples and mangoes. Each apple costs BDT 5.00 per piece and…

A: Pa=5 Pm=8 Q m = 300-5P a + 3P mQ a = 3P a – 2.5P m

Q: Households across a nation face a reduction in wealth. As a result, savings will increase dispos…

A: If households across a nation face a reduction in wealth, then savings will decrease. Wealth of…

Q: Use supply and demand graphs to illustrate the increase and subsequent decrease of lumber prices…

A: Suppose the market for lumber is in equilibrium as shown below, the equilibrium is maintained at…

Q: Write an assessment report on how the COVID-19 pandemic has affected the South African economy and…

A: Evaluation report: impact of the COVID-19 Pandemic at the South African economy and GDP1.…

Q: What is it mean by full price and income when discussing household consumption?

A: Household consumption includes all purchases or consumption made to meet their daily needs by…

Q: 1) How much cheese 2) How much cheese is produced in Italy? is consumed in Italy?

A: The illustration depicts a dilemma connected to the production and consumption of cheese and lamb in…

Q: For each of the following products state if it is a final or intermediate good and explain why? A…

A: Intermediate goods: - Intermediate goods are those goods that are used in the production of other…

Q: Discuss COVID-19 and its affect on our global economy.

A: COVID 19 impact on the global economy has been seen in the, unprecedent economic effects with the…

Q: What do you consider to be the relevance of the "Importance of the Capital City Index" in tourism…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Give typing answer with explanation and conclusion Investment adds to the nation's stock of capital…

A: Investment in economics refers to the purchase of physical or financial assets with the expectation…

Q: Variables typically included in a multivariate supply function (other than the price and quantity of…

A: (Since you have posted a question with multiple subparts, we will answer the first one for you. If…

Q: True or false Among industrialized nations worldwide, there is an apparent inverse correlation…

A: Am inverse correlation implies that there exists a negative relationship between two variables. This…

Q: Holding everything else constant, an increase in the savings rate will reduce the level of…

A: Income is the sum of consumption and saving.

Q: Question 9 Which of the following is an intermediate good? pizza sold to a customer in a restaurant…

A: In economics, a good is said to be an intermediate good when it is not directly consumed by a…

Q: Observe the graph of a market for headphones. At what price will consumers aggregately want to…

A: Demand curve represents the quantity tgat the consumer is willing to demand at different price…

Q: Again, the following graph depicts the market for loanable funds. An investment tax credit…

A: Investment is the source of demand for loanable funds. Saving is the source of supply of loanable…

Q: Which macroeconomic indicators make a projection in a project decision

A: Macroeconomics indicators are the static data that reflect the economic condition in near future.…

Q: Define the term inventories?

A: Inventories refer to the stock of goods of a firm or business.

Q: IF THE MPC IS 0.85 what will be the MPS????? need fast

Q: What is the economic interpretation of the intertemporal budget constraint?

A: In the economy, there is a constraint on the consumption of income and spending. The decisions of…

Q: What are the arguments against austerity measures during a depression or severe recession?

A: Austerity is concerned with the economic related policies, which aims at decreasing the budget…

Q: In an effort to curb the use of cigarettes, the US has utilized taxes to inhibit the purchase of…

A: Consumer surplus is that area which are lies below the demand curve and above the price level on the…

Q: E-cigarette users considering quitting E-cig use may wind up taking several tries before…

A: 1. A smoking cessation aid is supposed to help people quit smoking altogether. So if a highly…

Q: Consumption expenditures in the U.S. usually account for approximately 40 O 50 O 60 O 70 80 percent…

A: GDP is necessary to assess the general state and accomplishments of the economy. Economists,…

Q: 3 Jets (hundreds per month) 19. In the above figure, which of the following is true regarding the…

A: Hello. Since you have posted multiple questions, we will solve the first question for you. If you…

Q: In a finance class, the purchase of stock in a company would tend to be labelled “investment,” but…

A: Investment goods in macroeconomics can be understood as goods that are used either to produce…

Q: What happens to consumption if the student is constrained for somereason and cannot borrow today?

A: If the income of the student is very low initially, then according to the model of neoclassical…

Q: Saving is setting aside money you don't spend now for emergencies or for a future purchase. In an…

A: Savings function is a mathematical representation of the relationship between the disposable income…

Q: In goa, india, the multiplier effect of iron export is calculated to be 1.62(Ta, 2003).calculate the…

A: The multiplier effect of iron export is calculated to be 1.62, thus, the impact of additional 1000…

Q: It takes Richard two hours round-trip to drive from where he lives in Fayetteville to Raleigh. He…

A: The cost of car is more in Fayetteville. Also, the cost of a motorcycle is more in Fayetteville. In…

Q: 10 10 00 8 B Investment Demand Interest Rate (%) 2 4 6 AS D Price Level AD₁ (I=120) AD₂ (I=90) AD3…

A: Step 1: Decrease aggregate demand by increasing the interest rate from 2 to 4 percent: This option…

Q: “Bangladesh Prime Minister Sheikh Hasina on Sunday announced stimulus packages to the tune of Taka…

A: Government polices are very important for an economy that is suffering from recession or for the…

Q: What is the term "investment" define? Explain in a economic sense.

A: A purchase made with the intention of creating income or capital growth is known as an investment.…

Question

No more than five sentence. Briefly describe/discuss what are the positive impact of the tourism Multiplier effect

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 by step

Solved in 2 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

Q1: There are two equations for macroeconomic equilibrium in an economy. State them. Show (mathematically) that Savings equals Investment when expenditure equals income. What type of economy would you have when exports equal imports? What happens to the savings-investment relationship if exports are not equal to imports? [This can be greater than or less than]. [Hint: See video lecture on Open Economy Macroeconomics]. Note: Ensure to write out full meanings when you use abbreviations or short forms. This is key to getting full marks.
Variables typically included in a multivariate supply function (other than the price and quantity of the item the supply function represents) are prices of other goods that use similar input resources for production, the number of suppliers, techniques of production, taxes and subsidies, prices of input resources, weather, and expectations. Please answer the following questions about the affect changes in other variables might have on the supply of the item. These changes will either cause supply to increase (shift right) or decrease (shift left). Use either word as applicable, for the short answer. 1. If the market price of gasoline returns to the near $4.00 per gallon level then demand for gas-gulping large autos is likely to decrease and manufacturers of these autos are likely to _____________ their supply: 2. A relative increase in the productivity of the technology used to produce the item being considered is likely to _____________________ its supply. 3. Hailstorms have pelted…
why the consumption of non durables O relatively smooth as compared to durables
You have been tasked with developing a research report based on an economy of your choice anywhere in the world. The economy you select should be a growing economy or an economy that has experienced growth at some stage in its development. Present the finding of your research under the following headings. DETERMINANTS OF DEMAND Identification and in-depth discussion of the determinants of demand that have led to an increase in market demand in one of the critical industries in your chosen economy. (Make reasonable assumptions where necessary). (250 - 300 words)
Do less developed countries where large batteries for vehicles are produced show any indications of a negative impact on their economies whether in the short or long term?
Suppose the cotton (a storable commodity) futures prices are currently Expiry Month Price c/lb December 2021 83 December 2022 96 (a) Suppose an unexpected typhoon destroys cotton crops in India. This causes a downward revision in the expected global cotton production in 2022. Assuming all else equal, will demand for storage of cotton in 2021 (St) increase, decrease or stay the same? Draw a graph of the demand for storage to support your answer. (b) Using the same scenario from (a), do you expect the cotton market to still in contango, inverted, or could it be either contango or inverted? Draw a graph of supply and demand for storage to support your answer.
at is the intermdiate demond of the agricultural,manufacutring,and energy sector
Refer to the diagram to answer the following: a. The movement from point A to point B represents: b. The movement from point B to point C represents: c. The movement from point A to point C represents Real GDP per hour Worked Y/L ($, 000) 1,000 900- 800- 700- 600- 500- 400 200- 100- Aggregate Production 0 ljuds 300-midifi E Tommyformemberit A 8 D 20 40 00 80 Capital per hour worked K/L (5,000) 100 O Q
Learning Activity 9.2 Question 2 Consider an economy that produces and consumes shoes and houses. In the table below are data for two different users. 2000 2001 Price of a house $120,000 $145,000 Number of houses produced 1000 1050 Price of a pair of shoe $150 $170 Number of pairs of shoes produced 650,000 525,000 Year 2000 Year 2001 Price of a house $120,000 Price of a pair of shoes $150 $170 Number of houses produced 1,000 Number of pairs of shoes 650,000 525,000 (a) What is the Consumer Price Index (CPI)? (b) Calculate the CPI for both years. (c) Calculate the rate of inflation for 2001 using the CPI. (d) Calculate the GDP deflator for both years. (e) Calculate the rate of inflation for 2001 using the GDP deflator.
You are required to consider the impact of the macro‐environment to the business prior to the launch of your product. Discuss any four variables in the macro‐environment you believe to have the most impact on the CBD oil market.
Scenario 1: The economy enters a recession driving down the demand for homes nationwide.
Question: Suppose that the marginal cost of extracting a non-renewable natural resource is MXC(Q) = 10 and the marginal beneÖt of using the resource are MB(Q) = 90Q. In the context of a static model, address the following question: Calculate the efficient value of Q if the total stock of the natural resource is Q = 50: Provide a graphical representation of the solution. My Note: This is my first time resubmitting, I was told to confirm that MXC(Q) =10 is the correct form of the Marginal cost of extraction to answer this question correctly. I'm not sure but this is the way my professor asked his question.