The race to the bottom scenario of global environmental degradation is explained roughly like this:
A) Companies seek to reduce their costs of operations on plant and equipment design and this results in higher levels of pollution.
B) Companies seek the lowest market prices on products in order to gain market share, resulting in inferior goods and increased waste and pollution.
C) Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits.
D) Companies seek to influence environmental legislation standards are set to the lowest possible standards in the USA in order to maximize profits.

Question

Quizplus · Accepted Answer

The "race to the bottom" scenario in the context of global environmental degradation primarily refers to the practice of companies moving their operations to countries with lax environmental regulations to cut costs and increase profits, as described in option C.

The Race to the Bottom Scenario of Global Environmental Degradation