Brief Answer Questions:
[10 × 1 = 10]Price elasticity of demand for gold is 1.75. What does it indicate?
Differentiate scarcity and choice.
What is tourism demand forecasting?
What are the phases of business cycle?
Write any two differences between real GDP and nominal GDP.
How the investment decisions are made through the net present value (NPV) method?
Prepare a list of uses of microeconomics in tourism business.
What is tourism satellite account?
What are the generating area economic variables influencing tourism demand?
What is macroeconomics?
Short Answer Questions:
[6 × 5 = 30]Explain the concept of linear and non-linear demand function.
Explain the advantages and disadvantages of the flexible exchange rate system.
Show the relationship between marginal propensity to consume (MPC) and average propensity to consume (APC) with the help of table and diagram.
Explain the current situation of tourism sector in Nepal.
Discuss the levels of choice in travel and tourism Demand.
Explain the interrelationship between leisure and tourism.
Comprehensive Answer Questions:
[2 × 10 = 20]Explain the causes of demand-pull inflation. What types of fiscal and monetary measures would you suggest to control the inflationary pressure?
Explain the role of private and public organizations in the development of travel and tourism.