In 2003 South Korea decided to lift the ban on U.S. beef and in return the United States agreed to exclude South Korea's rice industry from trade agreement because:
A) a high import tariff means that local rice farmers can charge much higher prices for their crops than farmers in other rice-producing countries.
B) rice is not a very popular food commodity in the United States.
C) beef is not a very popular food item in South Korea.
D) South Korea was more interested in selling rice to other rice-producing countries.
E) no correct answer
Answer: A) a high import tariff means that local rice farmers can charge much higher prices for their crops than farmers in other rice-producing countries.