Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

problem 1:

a) describe the main features of two kinds of business enterprise.
b) Illustrate the importance of limited liability to such types of business.

problem 2: With the aid of a diagram, show the effect of the given on the demand for hotel services:

a) A fall in prices
b) An increase in labor costs
c) A fall in the number of conference bookings
d) An increase in the number of short-break bookings

problem 3: With the help of exs, critically assess to what extent the increase in fast food sales is due to changing tastes as opposed to changing lifestyles.

problem 4: Describe the implications of the given for the hospitality industry:

a) Cuts in government spending
b) A fall in the value of the euro against the £
c) An increase in interest rates
d) The introduction of an airport tax

problem 5: Controlling the balance of payments and exchange rates are two of the main economic goals of the UK government.

Identify and describe two other main goals of UK government macroeconomic policy and how they might affect the hospitality industry.

problem 6:

a) describe the merits of an oligopoly market.
b) With the help of instances, illustrate the benefits of economies of scale to a small hotel chain.
c) describe the advantages of small hotels in a traditional tourist town.

problem 7:

a) describe the limitations of the ‘multiplier’ when quantifying the impact of tourist activity on a region.
b) Describe how this compares with the impact on tourism in the economy as an entire.

problem 8: For exs below, describe whether a policy of ‘load pricing’ and/or ‘price discrimination’ is being adopted:

a) Lower weekday prices at a city hotel.
b) Two- to four-night accommodation packages.
c) Reduced prices for children’s meals.
d) Reduced rate accommodation for senior citizens throughout weekdays.
e) Discounted drinks prices in the early evening.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M94748

Have any Question? 


Related Questions in Macroeconomics

A large country named h is considering an export subsidy to

A large country named H is considering an export subsidy to promote the industry that produces good X. The country's excess supply curve is P=2000+2X. The world's excess demand curve is P=5000-10X. a.) What is the equili ...

Say that in year 1 both k and l have values of 1 while in

Say that in year 1 both K and L have values of 1 while in year 10 K has a value of 1.35 and L has a value of 1.1. What is the annual rate of change for k (note the lower case)?

Read the article and in 450-700 words address these

Read the article, and in 450-700 words address these prompts: • Summarize the view of American critics of global firms that import products purchased from developing country factories that have bad working conditions and ...

Monetary stimulus in the form of lower interest rates is an

Monetary stimulus in the form of lower interest rates is an alternative to the fiscal stimulus of increased government spending. If a 0.1 point change in interest rates has the stimulus impact of $10 billion in spending, ...

A assume a country is in a fixed exchange rate regime such

a. Assume a country is in a fixed exchange rate regime such as China. Explain what factors might cause individuals to expect that a country will revalue its currency. Explain the various actions that policy makers can ch ...

Which of the following curves reflects the idea that in the

Which of the following curves reflects the idea that in the long run, output is determined only by the factors of production and given technology? a. the aggregate demand curve b. the market supply curve c. the long-run ...

A competitive firm in a perfectly competitive market

A competitive firm in a perfectly competitive market produces and sells hats. Last year, it produced and sold 1,000 hats at the equilibrium price of $10. It incurred average variable costs of $6 and earned total economic ...

Suppose the north and south are trading cities and have the

Suppose the north and south are trading cities and have the following production of chocolate and coffee: North output per hour is 2 chocolate and 8 coffee. South output per hour 1 chocolate, 1 Coffee. Suppose the north ...

Please help menbspanswer the followingnbsp question based

Please help me answer the following  question based on the course outline and the text professor required. (around 400 words each question) The phenomenon known as the Industrial Revolution was the culmination of a proce ...

Describe fiscal policy vs monetary policyexplain the

Describe Fiscal Policy vs Monetary Policy Explain the difference between the two, explain the importance of each. Why each are needed? Who is in charge of the Expansionary and Contractionary Policy of each? What tools do ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen