The European Union (EU) bans the importation of hormone-fed U.S.beef and bioengineered corn and soybeans on safety grounds although Americans eat this food every day.This ban is so consumers in the EU will buy domestic beef and products made from domestically produced corn and soybeans.This ban is an example of:
A)free trade
B)ethnocentricity
C)dumping
D)countertrading
E)protectionism

Question

Quizplus · Accepted Answer

The ban is an example of protectionism, which is a policy adopted by governments to protect domestic industries against competition from foreign imports. By banning hormone-fed U.S. beef and bioengineered corn and soybeans, the EU is protecting its domestic producers of these goods.

The European Union (EU) Bans the Importation of Hormone-Fed U