Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Say you are watching your favorite television program, and a commercial comes on.  A soothing voice begins to describe your imaginary vacation in the lush, tropical paradise of Timbucktoo (a remote island in the South Pacific-fictitious of course), while pictures of rain forests and secluded beaches flash across your T.V. screen.

The commercial begins to describe your daily itinerary while showing you the "gentle and friendly" native peoples of Timbucktoo, performing native dances and other activities to the delight of the tourists.

You begin to think (sadly enough!) about macroeconomics.  You wonder about these "gentle and friendly" people of Timbucktoo living on an island thousands of miles away from anything out in the middle of the South Pacific, and you ask yourself why the people of Timbucktoo would desire tourism to come to their peaceful and secluded island?  What could they possibly do with that added aggregate income (generated by tourism) when they are out in the middle of nowhere.  What could they possibly spend their money on?  What about the pollution and the noise?  The hustle and bustle, the crime!  And what about their peaceful and gentle way of life?  Is it worth sacrificing for more income?

As we have discussed, increases in GDP and aggregate income do not always mean the level of well-being and happiness increase as well for all citizens of a society.  With this in mind, please explain your thoughts or insights regarding this hypothetical commercial.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92053233
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Management

Elasticity 4 please show your steps and calculation- use

Elasticity: 4% (Please show your steps and calculation- use Arc elasticity) In year one, Mike's income was $56,000 and went to the movies a total of 24 times. The next year, Mike's income increases to $68,000 and he saw ...

What is the binary representation of the decimal number

What is the binary representation of the decimal number 4.875 assuming the IEE 754 single precision format?

If a company is having trouble with staffing levels because

If a company is having trouble with staffing levels because of employees calling in sick or requesting time off, what would be an approach to control daily staffing levels of a company so that the company is able to meet ...

1 please illustrate the process of sorting the sequence 3 1

1. Please illustrate the process of sorting the sequence 3, 1, 4, 5, 9, 2, 6, 5 using bubble sort. 2. Please illustrate the process of sorting the sequence 3, 1, 4, 1, 5, 9, 2, 6 using merge sort.. 3. Please determine th ...

What kind of issues to managers of virtual teams face in a

What kind of issues to managers of virtual teams face in a business environment?

Suppose a finite deck of numeric cards 1 2 3 have been

Suppose a finite deck of numeric cards 1, 2, 3, ... have been shuffled randomly. Repeat the following step: If the top card is numbered 1, the game terminates. But if it is any number n > 1, then reverse the ordering of ...

Questions pertaining to jet bluea give a financial ratio

Questions pertaining to Jet Blue: a. Give a financial ratio analysis for Jet Blue noting good and bad ratios. b. Show Jet Blue's organizational chart found (which I found on Nasdaq (2018). Identify the each chart as well ...

How do people from varying cultural backgrounds differ in

How do people from varying cultural backgrounds differ in their views of computer ethics? Provide examples and discuss the most effective way to overcome these different views on computer ethics.

For this question assume that a randomly selected subject

For this question, assume that a randomly selected subject is given a bone density test. The test scores are normally distributed with a mean of 0 (μ = 0) and a standard deviation of 1 (σ = 1). Find the probability that ...

Describe how the mix of different fundraising processes

Describe how the mix of different fundraising processes should be determined. Who should be included in the decision-making and why does it matter?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As