______ dictates that countries competitively lower their labor and environmental standards in order to attract foreign investment.
A) Market buy up
B) Market price out
C) Race to the bottom
D) Race to the top

Question

Quizplus · Accepted Answer

The term "Race to the bottom" refers to the phenomenon where countries may lower their labor and environmental standards in an effort to attract foreign investment by making their business environments more appealing in terms of lower costs.

______ Dictates That Countries Competitively Lower Their Labor and Environmental