Requiring a firm with international operations to follow the standards of its home country instead of those of the foreign country has all of the following advantages except
A) it takes care of the fear of a race-to-the-bottom by making it impossible for a home-based company to exploit low standards.
B) it shifts the costs of improved standards to firms and consumers in high-income countries.
C) it avoids the problems of high-income countries dictating what standards are to be used. In this situation, firms that cross national boundaries must conform to whichever standards are higher.
D) it is a comprehensive measure, since it addresses the problem of production in foreign firms as well as firms from high-standards countries that relocate abroad.
Correct Answer:
Verified
Q1: Which of the following is NOT an
Q2: When the evolution of new technologies is
Q3: Domestic firms operating abroad may find it
Q4: All of the following are responsible for
Q6: Health and safety standards are generally similar
Q7: Which of the following is a true
Q8: Greater specialization within a country
A)increases risks to
Q9: Mutual recognition of standards refers to
A)the elimination
Q10: Which of the following is FALSE?
A)Most of
Q11: Monopoly powers given to domestic utility companies
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