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Bhtm 216:Principles Of Economics Question Paper

Bhtm 216:Principles Of Economics

Course:Hospitality & Tourism

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 2''ND ''TRIMESTER 2013 (FT) EXAMINATION
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : BHTM 216
UNIT TITLE : PRINCIPLES OF ECONOMICS
TIME : 2 HOURS

Instructions:

Answer any four questions in the answer booklet provided.

Question One

What do you understand by the following terms as used in principles of economics?
Demand
Supply

Scarcity

(5 marks)

Explain five factors that affect the demand of goods and services in the hospitality and tourism sector.

(10 marks)

Question Two

Using relevant examples drawn from the hospitality and tourism sector, explain what you understand by the term factors of production.

(5 marks)

Discuss why land is a distinct factor of production in tourism since it is believed to differ fundamentally from the other factors of production.

(10 marks)

Question Three

Algo Hotel and Base Camp in Malindi has hired you as a manager. One of your duties is to supervise and mobilize workers. Discuss five factors that may affect the efficiency of workers under you.

(10 marks)

Explain five rights of the international tourists that visit Algo Hotel and Base Camp.

(5 marks)

Question Four

Explain equilibrium market price of Maasai beaded necklaces sold to tourists at Narok.

(5 marks)

With aid of diagrams, explain how a change in the price of mangoes affects their demand and supply in a free market.

(10 marks)

Question Five

Kenya has experienced growth in the tourism industry in the past years. Discuss the benefits of this growth to the Kenyan economy.

(10 marks)

Explain five challenges facing consumer protections in the tourism industry in Kenya.

(5 marks)

Question Six

Citing examples from the hotel and tourism industry, describe the four factors of production.

(5 marks)

Discuss five reasons why the coastal town of Mombasa which is a favourite tourist destination needs to be protected from the rapid growth of tourism.

(10 marks)

Bhtm 216:Principles Of Economics Question Paper

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