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

question 150

Multiple Choice

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

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Definitions:

Registration

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1933 Act

Also known as the Securities Act of 1933, it is a federal law enacted to ensure more transparency in financial statements and prevent fraud in the securities market.

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The action of making new or secret information known, often required in legal and financial transactions to ensure transparency.

Dodd-Frank Act

Comprehensive financial reform legislation passed in 2010 in the United States to enhance financial stability and consumer protection.