Monetary Inputs to Local Economies Due to the Presence of Parks

question 7

Multiple Choice

Monetary inputs to local economies due to the presence of parks and reserves is

• A)ecotourism.
• B)the Man and the Biosphere concept.
• C)hotspot management.
• D)a form of REDD.
• E)causing the destruction of the parks and preserves through overuse.

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Definitions:

Minimum Wage

is the lowest legal salary that employers can pay workers, set by government law to protect workers from unduly low pay.

Price Support

Government intervention in a market to maintain the price at a certain level, usually done through the purchase of surplus stock or direct subsidies to producers.

Price Floor

A minimum price, set by law or regulation, that must be paid for a good or service; often implemented to protect producers.

Price Support

Government interventions in the market to maintain the price of a commodity at a certain level.