______ Dictates That Countries Competitively Lower Their Labor and Environmental

question 16

Multiple Choice

______ 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

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Definitions:

Tax-exempt Saving

An investment account or product that offers tax benefits, such as no taxation on the interest or profits earned.

529 Plan

A tax-advantaged savings plan designed to encourage saving for future education costs, including tuition, fees, and room and board.

Annual Return

The percentage change in an investment's value over a one-year period, taking into account both capital gains and dividend or interest earnings.

Roth IRA

A type of individual retirement account where contributions are made with after-tax dollars, but withdrawals during retirement are tax-free.