Race to the bottom refers to which of the following?
A) Firms have an incentive to relocate to countries with lower standards.
B) Countries have an incentive to conform to the standards of the lowest income country.
C) Countries will compete with each other to offer incentives to firms.
D) Firms will underpay workers in low income countries.
Correct Answer:
Verified
Q22: Mutual recognition is more efficient than other
Q23: Developing countries are usually unwilling to negotiate
Q24: The use of trade barriers to enforce
Q25: Harmonization of standards
A)can make it less costly
Q26: Explain how harmonization of standards might increase
Q28: Lower income countries may have more difficulties
Q29: Suppose two nations are seeking to expand
Q30: Imposing the same standards on high- and
Q31: Discriminatory trade practices are allowed among sister
Q32: Low labor standards are usually associated with
A)nondemocratic
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