Other things (through all chapters)

Question 1

Bear Market

Answer 1

when a market experiences prolonged price declines

eg. when the market is down 20% for at least a two-month period.

Question 2

Tourism Concern

Answer 2

a not-for-profit organization and exists to encourage ethical and sustainable tourism.

Question 3

What is a Crown Corporations

Answer 3

are peculiar hybrid entities — somewhere between a government body and a private enterprise.

Question 4

Types of Crown Corporations

Answer 4

departmental - performs a variety of administrative, regulatory, and supervisory
agency -
proprietary - expected to fund itself

Question 5

Quantity Traded

Answer 5

the amount of a PRODUCT that is bought or sold.

In most markets the quantity traded will depend upon the interaction of DEMAND and SUPPLY in determining the product’s EQUILIBRIUM MARKET PRICE.

Question 6

entrepreneur

Answer 6

the person that brings factors of production together