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Question
question 16 (1 point)
______ tourism has both incoming and outgoing implications on a countrys balance of payments.
international
domestic
national
International tourism involves people traveling across national borders. When foreign tourists visit a country (inbound international tourism), it brings in foreign currency (incoming implication for the country's balance of payments as it's a form of export of tourism services). When a country's residents travel abroad (outbound international tourism), they spend money in other countries, which is an outflow of currency (outgoing implication for the country's balance of payments as it's a form of import of tourism services). Domestic tourism (within the same country) and national tourism (a less commonly used term in this context compared to international) do not have cross - border currency flows in the same way.
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International