The phrase "Race to the Bottom" describes
A) the weakening of environmental standards brought about by competitive pressures in the global economy.
B) the incentive for high emission companies to locate within countries with lax environmental policies.
C) the dumping of industrial waste in oceans.
D) the continual decline of wages due to global competitive pressures.

Question

Quizplus · Accepted Answer

The phrase "Race to the Bottom" specifically refers to the weakening of environmental standards due to competition in the global economy. It does not necessarily refer to declining wages or the dumping of industrial waste in oceans. While choice B is related, it only addresses one aspect of the broader issue described by the phrase.

The Phrase "Race to the Bottom" Describes