The Microeconomics of Tourism Is Concerned with the Following Except

question 4

Multiple Choice

The microeconomics of tourism is concerned with the following except:

• A) tourism's effect on national employment and income.
• B) studies of individual sectors such as restaurants and hotels, etc.
• C) competition.
• D) individual consumers.
• E) cross elasticity of demand.

---

Definitions:

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed, considered a liability until the obligation is fulfilled.

Ticket Revenue

Income generated from the sale of tickets, commonly associated with events, performances, transport services, or attractions.

Fixed Asset

Long-term tangible assets used in the operations of a business that are not expected to be converted to cash within a year, such as machinery, buildings, and equipment.