Travel Propensity Is a Measure of

question 10

Multiple Choice

Travel propensity is a measure of

• A) The ratio of day trips to overnight visits
• B) The percentage of a population engaging in tourism
• C) Tourism market share of a country
• D) Frequency of travel of a population

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Definitions:

Excise Tax

Excise Tax is a specific tax levied on particular goods, services, or transactions, often included in the price of products like gasoline, tobacco, and alcohol.

Income Elasticity

A gauge of the extent to which the consumption of a good or service is affected by alterations in the income levels of consumers.

Inferior Good

A type of good for which demand decreases when consumer income rises, contrary to normal goods where demand increases with rising income.

Excise Tax

A specific tax levied on particular goods or services at the point of manufacture or sale, often included in the price of the product.