Which of the Following Is NOT a Responsibility of the National

question 11

Multiple Choice

Which of the following is NOT a responsibility of the National Tourism Organizations?

• A) Flow of research data
• B) Infrastructure development
• C) Consumer assistance and protection
• D) Familiarization trips

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Definitions:

Minimum Price

The lowest price at which a good or service is permitted to be sold, often set by regulation.

Long-Run Supply Curve

A graphical representation showing the relationship between market price and quantity supplied over a long period, where all inputs can be adjusted.

Purely Competitive

A market structure characterized by many buyers and sellers, all selling identical products, with no single buyer or seller able to influence the market price.

Diminishing Marginal Returns

A principle stating that if one factor of production is increased while other factors are held constant, the additional output generated will eventually decrease, related to diminishing marginal utility but applied to production.