Asked by Saphyre Ramos on May 08, 2024
Verified
Which of the following industries generates about $3.5 billion in receipts daily and is considered a global industry?
A) tourism
B) oil extraction
C) rice production
D) stock market
Global Industry
Economic activities that occur on an international scale, transcending national borders and involving the production, distribution, and marketing of goods and services worldwide.
Tourism
The activity of traveling to places for pleasure and exploration.
- Recognize the fundamental components and mechanisms linked to globalization.
Verified Answer
EF
Elliott FulbrightMay 13, 2024
Final Answer :
A
Explanation :
According to the World Tourism Organization, tourism generates about $3.5 billion in receipts daily and is considered a global industry. Oil extraction, rice production, and the stock market do not generate this amount of revenue daily.
Learning Objectives
- Recognize the fundamental components and mechanisms linked to globalization.
Related questions
Telecommunication, Technological Development, and Industrialization Are Some of the Processes ...
This Refers to the Worldwide Exchange of Money,goods,and Services as ...
Which of the Following Is Not a Factor That Contributes ...
Which Statement Does Not Reflect the Homogenization of Culture ...
This Concept Refers to the Political and Social Domination of ...