1. Explain how the economic crisis ‘offers a variety of opportunities and threats and should not be seen as homogeneous economic crisis'.
2. Choose two firms in the leisure and tourism sector and analyse how they might be affected by the following scenarios:
(a) A rise in interest rates.
(b) A fall in unemployment.
(c) A fall in the exchange rate.
(d) A rise in inflation.
3. Which two of these represent the most likely scenario for the next 2 years?