Are exotic holidays and local holidays substitutes? Explain your answer. This year Americans are taking fewer exotic

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Are exotic holidays and local holidays substitutes? Explain your answer.
This year Americans are taking fewer exotic holidays by air and instead are visiting local scenic places by car. The global financial crisis has encouraged many Americans to cut their holiday budgets.
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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