What is trade?
Trade is the exchange of goods and services
Which sector does tourism belong to?
Tertiary sector
What is interdependence?
Interdependence is how people and businesses depend on eachother to exist
What are some positive and negative social effects of tourism?
Positive effects include: cultural appreciation, cultural exchange, restoration of traditions Negative effects include: cultural displacement, changes in people
What's the difference between domestic and international trade?
Domestic trade means buying and selling inside a same country; international trade happens between different countries.
Factories, construction and crafts are part of the ________ sector.
Secondary sector
What is development gap?
Is the big difference in levels of development between rich and poor countries around the world
What are the 3 indicators the HDI uses to measure quality of life?
Literacy rate, life expectancy, GDP
What is the Human Developmen Index
A way of measuring a country's level of development
What are the 2 principal types of tourism?
Domestic and International
What are imports? What are exports? What is a tariff?
Imports are products that come from another country and we buy in our country. Exports are products we produce and sell in another country. A tariff is a tax
What are some positive and negative economic effects of tourism?
Positive effects include: more jobs, new infrastructure and currency exchange. Negative effects include: expensive products, profit goes to foreign companies
What are non-renewable resources?
Energy sources that cannot be replaced once they are used up