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Posts: 188
3 weeks 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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3 weeks 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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3 weeks ago
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3 weeks ago
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