This Is Not the Basis on Which the Economics of Tourism

question 9

Multiple Choice

This is not the basis on which the economics of tourism is studied:

• A) how to make the best possible use of resources.
• B) human beings' wants and decisions to travel.
• C) the increased productivity due to specialization.
• D) tourism supply and demand.

Identify and explain the assumptions underlying the CAPM and their implications.

Comprehend the concept of systematic risk and its measurement through beta.

Describe the characteristics of the market portfolio and its significance in CAPM.

Understand the Arbitrage Pricing Theory (APT) and its comparison with CAPM.

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Definitions:

Babies

Very young children, especially those under one year of age.

Checkers Speech

A speech given by Richard Nixon, then a vice-presidential candidate, in 1952 to address and deny allegations of improper campaign fundraising, famously referencing his family's cocker spaniel, Checkers.

Richard Nixon

The 37th President of the United States, serving from 1969 until 1974, when he became the first U.S. president to resign from office.