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1. Given the increasing sensitivity of potential visitors for a tourism product that demonstrates care for the environment and social and economic responsibility, How have private businesses, such as resort operators, attractions, etc, modified their business practices to respond to this demand?
2. Although tourism has the potential to earn foreign exchange, it carries a great risk of causing environmental and social harm. There is also a real concern noted in literature of a high leakage of revenue from the economy, and the exclusion of local businesses, particularly micro and small enterprises from participating in the tourism driven economy.Describe the environmental, social, and economic impacts (both positive and negative), that are associated with the intensive tourism development strategies that are often pursued by Caribbean government.
3.The Caribbean is the most tourism dependent region in the world and it was heavily impacted by the Covid-19 pandemic. Cruise tourism was severely affected which resulted in stranded ships due to port closures and temporary ban on cruises in some Caribbean countries.
Highlight the impact of Covid-19 on the Tourism industry in a Caribbean country of your choice
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
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Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
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Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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