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28 Oct 2020

11. Some of the leading ecotourism destinations include:

a. Costa Rica and Panama in Central America

b. the Serengeti in Tanzania

c. the Amazon rain forests

d. all of the above

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Raushan Raj
Raushan RajLv8
28 Oct 2020

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Related questions

1. Ecotourism is 

a. responsible travel to natural areas that conserve the environment. 

b. responsible travel to natural areas that conserve the environment and improves the well-being of the locals.

c. travel to experience the ecology and tourist destinations.

d. all of the above

 

 

If rising inflation in an economy with fixed exchange rates puts downward pressure on the value of the currency, what action must the government take to maintain fixed exchange rates?

 
a) lower interest rates to attract more borrowers to the country
 
b) print more domestic currency to maintain an adequate supply of money
 
c) buy up its own currency using foreign reserves
 
d) buy up more foreign currency, using money that it prints

If Costa Rica can produce 50,000 pounds of bananas a day, while Nicaragua can produce 30,000 pounds of bananas a day, which statement must be true?

 
a) Costa Rica has both an absolute advantage and comparative advantage over Nicaragua in banana production.
 
b) Costa Rica has an absolute advantage over Nicaragua in banana production.
 
c) Costa Rica has a comparative advantage over Nicaragua in banana production.
 
d) Costa Rica does not necessarily have an absolute advantage nor a comparative advantage over Nicaragua in banana production.

Costa Rica is a small€ country and assumed to be unable to affect world prices. It imports blueberries at a price of 10 dollars per box.

The domestic supply and domestic demand curves for boxes are: S = 60 + 20P D = 1160 - 15P

a) Assume Costa Rica is completely open to trade. What are the equilibrium price and quantity consumed? How much is produced domestically, and how much is imported?

b) Now consider the effect of an import quota of 400 boxes. What happens to the price of Blueberries and the quantity consumed?

c) Who wins and who loses? Discuss consumers, domestic producers, and importers (be sure to compute the change in their welfare).

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