As the third-largest market for motorbikes in the world, the nation of Vietnam is a logical location for Honda, Suzuki and Yamaha motorcycle manufacturing plants. The Vietnamese government has instituted a(n) _____ which limits the quantity of motorcycle components that can be brought into the country.

Question

Quizplus · Accepted Answer

An import quota is a restriction set by a government on the quantity of a specific good that can be imported into the country. In the context of limiting the quantity of motorcycle components that can be brought into Vietnam, an import quota directly applies as it restricts the amount of these components that can enter the country.

As the Third-Largest Market for Motorbikes in the World, the Nation