Question 1
Adam Smith stated in his book
The Wealth of Nations the concepts of:
◦ aggregate supply and demand.
◦ the invisible hand that guides resource to where they have the highest value.
◦ the increased productivity due to specialization.
◦ A and B
◦ A, B, and C
Question 2
This is
not the basis on which the economics of tourism is studied:
◦ tourism supply and demand.
◦ how to make the best possible use of resources.
◦ human beings' wants and decisions to travel.
◦ the increased productivity due to specialization.