Exam 2: Understanding Capital

Social capital is closely linked with human capital and political capital.

The part of an economy that is under government control is called what?

The public sector is the part of an economy that is financed through tax revenue.

Which of the following is a positive aspect of capitalism?

Financial investment involves putting resources into the other forms of capital.

Any pre-existing or planned formation that is constructed or retrofitted to suit community needs

Tourism is an import industry.

The inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship

The goal within sustainable tourism is to use up all capital as a means of efficiency.

Poorly planned intangible cultural packages can damage local communities.

How you package your product will depend on the human capital available.

The use of capital has only positive impacts on sustainability.

Lobbying and community involvement can increase political and social capital.

Political capital is how political decisions are made and the amount of influence a social group or industry has over the political process.

Capitalism is considered an efficient form of production and consumption.

Which of the types of capital is described as the delivery system for all the other types of capital?

An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state

Accumulating capital will generate profit.

Which of the following can be used to encourage visitors to act in a more sustainable manner?

Financial wealth that is used to start or maintain a business