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Posts: 210
A month ago
All of the following statements regarding comparative advantage are true EXCEPT which?

▸ Many island economies consider that tourism has a comparative advantage because of their currency exchange rate.

▸ Tourism has a comparative advantage when a region is especially appealing to tourists.

▸ Tourism has a comparative advantage when a region has no alternative industry to develop other than tourism.

▸ Economic decisions must be based on comparative advantage.
Textbook 

Tourism: The Business of Hospitality and Travel


Edition: 6th
Authors:
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wrote...
Posts: 244
A month ago
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Many island economies consider that tourism has a comparative advantage because of their currency exchange rate.
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A month ago
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A month ago
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