Governments in developing countries impose fewer consumer protection laws in order to ________.
A) hold down production costs and consumer prices
B) enable companies to focus on profit-making exclusively
C) decrease the flow of foreign direct investment into the country
D) decrease the complexity of the legal procedures for foreign direct investment

Question

Quizplus · Accepted Answer

Developing countries often prioritize economic growth over consumer protection, which means that they may put in place fewer regulations for companies in order to keep prices low and encourage production. This can result in lower standards for product safety and fewer protections for consumers.

Governments in Developing Countries Impose Fewer Consumer Protection Laws in Order