Travel Agents

question 6

Multiple Choice

Travel agents

• A) are a middle person acting as a travel counselor on behalf of airlines, cruise lines, and hotels
• B) promote tours and trips that they plan and organize
• C) bring together tourists and rental companies
• D) act in the same capacity as tour operators

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Definitions:

Club Goods

Goods that are excludable but not rival in consumption

Private Goods

Products or services that are consumed by one individual and cannot be used simultaneously by others.

Rival in Consumption

A characteristic of a good whereby its consumption by one individual prevents simultaneous consumption by another individual.

Excludable

A characteristic of a good or service whereby it is possible to prevent non-paying customers from having access to it.