Regulatory Competition Typically Results in a Race to the Bottom

question 10

True/False

Regulatory competition typically results in a race to the bottom.

---

Definitions:

Round-Robin

A strategy or method involving a sequence or rotation where each participant takes part in an activity in turn.

Rank Order

A sequential arrangement of items, individuals, or values according to their level of importance, hierarchy, or superiority.

Groupthink

a psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.

Advocate

A person who publicly supports or recommends a particular cause or policy.