MATCHING Choose the Item in Column 2 That Best Matches

question 16

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Tourism satellite account

• A)The bed tax
• B)The measures that tells how sensitive demand is for one good or service to changes in the price of a related good or service
• C)The ripple effect
• D)A set of "accounting" rules to measure the economic contributions of tourism as an industry
• E)The state of pricing at which quantity demanded equals quantity supplied
• F)The cost of a resource is its value in its next best use
• G)The measures that tells how sensitive demand is to changes in income
• H)The total value of goods and services produced in a nation
• I)A variation pricing based on demand
• J)A leakage from a destination area

---

Definitions:

Willing And Able

Describes consumers who have both the desire to purchase goods and services and the purchasing power to do so.

Creative Destruction

The hypothesis that the creation of new products and production methods destroys the market power of existing monopolies.

Brick And Mortar Stores

Physical retail outlets where customers can visit in person to purchase goods or services.

Profit Potential

The capacity for a business or investment to generate earnings greater than its costs.