1. What is an advantage of developing based on tourism?
- Seasonal unemployment
- More imports
- FDI from hotel chains
- Capital flight
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Other questions in this quiz
2. What model describes the savings gap?
3. What can overfocus on one sector of the economy cause in terms of development?
- Economic growth
- Economies of scale
- Sectoral imbalance
- Crowding out
4. Why is the savings gap a limit on growth and development?
- It prevents investment in capital
- It prevents the appreciation of a currency
- It causes unemployment
- It creates inequality
5. What is an example of an outward looking strategy?
- Trade liberalisation
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