Author Question: Consumers are often more uncertain about the usefulness of a discontinuous (vs. a continuous) ... (Read 39 times)

deesands

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Consumers are often more uncertain about the usefulness of a discontinuous (vs. a continuous) innovation.
 
 Indicate whether the statement is true or false

Question 2

Which of the following countries is most likely to require a foreign exchange permit?
 a. The United States c. China
  b. Germany d. Each of the above is equally likely.



bob

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Answer to Question 1

True

Answer to Question 2

C
Most countries that experience a shortage of hard currency require foreign exchange permits. Since The U.S. currency and the German currency are hard currencies, they are unlikely to require a foreign exchange permit. The text states that China and countries in Sub-Saharan African currently require foreign exchange permits. This may be found in the Nontariff Barriers section (3-2b).



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