Exam 2: Understanding Capital

The process of putting resources into the other forms of capital, such as social, human, and built capital, is called:

Resources that take millions of years to form and cannot be renewed in a human lifetime

Social capital includes:

Includes natural capital, other natural assets, such as weather, and built capital

Resources that are replenished naturally and can be used repeatedly

A planning group that includes local farmers and restaurant owners would be considered which type of social capital?

Capitalism requires the flow of which of the following?

Of the enabling conditions that support social capital development, which one ensures a the consideration of a variety of outcomes and development paths?

Hand-made crafts sold to tourists represents a form of built capital.

Micro credit is the lending of small amounts of money at low interest rates to new businesses, generally in the developing world.

A destination's reputation for friendliness is considered a:

Which of the following can be used to determining the value of the environment?

The stock of values, arts, crafts, cultural knowledge, performance, social practices, and access to heritage resources

The part of an economy that invests in profit-making businesses, such as hotel accommodations, restaurants, and entertainment (private industries)

Convention and Visitors Bureaus are part of a destination's bonding social capital.

Culture is ever changing and evolving.

Social networks made up of socially heterogeneous groups that include people with different backgrounds

Which of the following is an example of tangible cultural capital

The environment becomes natural capital when:

Capitalism is a social and cultural system in which a country's trade and industry are controlled by a government.