Tourism in Thailand and the Strengthening Baht

Following the appreciation of baht by 4.5% so far this year, the Tourism Authority of Thailand projects that foreign tourist arrivals will decrease by around 6% this year.—nationalthailand.com

Answer the following questions to check your understanding of the story.

1) Are the expenditures of foreign tourists in Thailand an export or an import for Thailand?

a) They are an import.

b) They are an export.

c) They are neither an export nor an import.

d) They are both an export and an import.

2) Why are fewer tourists expected to visit Thailand?

Fewer tourists are expected to visit Thailand because the appreciation of the baht _____________.

a) makes fewer Thai-produced goods and services available for tourists

b) makes the Thai baht overvalued

c) raises the prices that tourists pay for Thailand’s goods and services

d) decreases the quantity of Thai baht available in the foreign exchange market

Tourism in Thailand and the Strengthening Baht

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