The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds. 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) a subsidy
B) an involuntary import restraint
C) geocentrism
D) expropriation
E) a government import standard

Question

The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds. 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) a subsidy
B) an involuntary import restraint
C) geocentrism
D) expropriation
E) a government import standard

Quizplus · Accepted Answer

The ban on the importation of hormone-fed U.S. beef and bioengineered corn and soybeans is an example of a government import standard. The EU has set a specific standard for what products can be imported based on safety concerns. This standard is specific to the government and does not involve direct financial support or restrictions on the quantity of imports allowed, ruling out options A and B. Geocentrism refers to the belief that one's own country is superior to others, which is not applicable in this scenario. Expropriation refers to the government taking ownership of foreign property, which is not the case here.

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