NAME: DATE: QUIZ Direction: STRICTLY NO ERASURE. ERASURE MEANS WRONG. PART I. True or False Direction: Write the word PAPASA if the statement is true, and ECHOS if the statement is false. PAPAPASA __1. Many countries have placed restrictions on spending in order to minimize foreign exchange earnings. PAPAPASA __2. Export substitution imposes quotas or tariffs on the importance of goods which can be developed locally. PAPAPASA __3. Theory of balanced growth sees tourism and hospitality as the spark to economic growth. PAPAPASA __4. To obtain maximum economic benefit, tourism and hospitality goods and services should be locally produced. PAPAPASA __5. Tourist expenditures received as income by business have an indirect on the economy of the host area. PART II. Matching Type Direction: Match column A with Column B. Write the answer on the line provided before each number. Column A Column B _____1. K _____2. L _____3. c _____4. cj _____5. tic _____6. td _____7. b _____8. m _____9. y _____10. E A. B. C. D. E. F. G. H. I. J. The indirect tax The change in expenditure The value of imports The change in income generated by E The multiplier The tendency of consume the level of government benefits the direct first-round leakages the proportion of that propensity spent abroad the value of direct deductions PART III. Enumeration Direction: Write your answers on the back of this paper. 1-5. Enumerate 5 common forms of incentives (2 point each) 6-7. Growth theories 8-10. Ways to maximize the economic effect of tourism and hospitality PART IV. Jumbled Letters Direction: Arrange the letters to form the correct words. Write your answer on the line provided before each number. PAPAPASA____ __1. EMUALDICETFT PAPAPASA____ __2. IMORSTU PAPAPASA____ __3. CEEIINNSTV PAPAPASA____ __4. RPIMLTUEIL PAPAPASA____ __5. LAHIOTSYTPI PAPAPASA____ __6. CCEONMOI PAPAPASA____ __7. RIOUTST PART V. Bonus (3 points) Direction: Encircle either (1) or (2). Choose wisely. (The number that the majority chooses will be the correct answer.) 1 2