Suggested Answers of BT2 Revision Package - ASKnLearn

more than proportionate fall in quantity demanded). It is also extremelyvulnerable to terrorist and health scares and export revenue can be easilyaffected e.g. SARs or H1N1 epidemics within the region. A fall in sports andthus tourism receipts can lead to a multiple fall in NY via the reversemultiplier. This can lead to higher unemployment and lower standards ofliving as well.Furthermore, a large increase in government expenditures on promotingsports events tourism can strain government budget and entail opportunitycosts in terms of cutback in other areas such as education and health care.The large-scale event can also pose a drain on the economy’s resourcesduring this period, crowding out other private investments. This wouldreduce the desired impact on national income and growthConclusionOverall, an investment in sports tourism is likely to bring about significantbenefits for the economy given tourism receipts and reduce unemployment,especially the structural unemployment due to loss of low-skill jobs fromdeclining manufacturing industries. However, as other countries in the regiondevelop their own tourist attractions, it may prove a formidable task to staycompetitive. As such, there is a need to offer a comprehensive package bybundling various attractions or even tie up with other countries in the regionto complement and their services as well.Marking SchemeL1 1-3mL2 4-6mL3 7-8mDescriptive answers that lack analysis or reference to data.Lopsided answersBalanced answers that analysis both the costs and benefits ofholding the F1 but explanation may contain gapsBalanced discussion with analysis and clear reference to data. Aclear stand is taken and justified.