Author Question: An innovation does not necessarily have to be new as long as consumers perceive it as new. Indicate ... (Read 33 times)

burchfield96 · **on:** Jun 29, 2018

An innovation does not necessarily have to be new as long as consumers perceive it as new.

Indicate whether the statement is true or false

Question 2

Nonautomatic import licenses are used to:
a. allow imports of a given product c. tax imports
b. restrict imports of a given product d. none of the above

cam1229 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

True

Answer to Question 2

B
Nonautomatic import licenses are issued on a discretionary basis and are used to restrict imports of a given product. Licensing requirements can restrict the volume of imports, as do quotas, or they can be used to impose on the exporter or importer specific conditions that will result in fewer imports.