The Term "Race to the Bottom" Refers To

question 8

Multiple Choice

The term "race to the bottom" refers to:

• A) Seeking to mine valuable minerals from the bottom of the ocean.
• B) Moving production jobs to the country with the lowest labor cost.
• C) Efforts to deconstruct the assembly process in manufacturing industries.
• D) An old concept of globalization that is no longer relevant.

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Definitions:

Assumes The Risk

A legal principle stating that a person voluntarily exposes themselves to known hazards, accepting any incurred harm or loss.

Future

In a general context, 'future' refers to the time or a period of time following the moment of speaking or writing; in finance, it often pertains to a contract to buy or sell an asset at a later date.

Exaggeration

A statement that represents something as better or worse than it really is, often used for emphasis or effect.

Fraud

The intentional deception or misrepresentation made by a person with the aim of gaining something of value or causing some benefit to themselves at another’s expense.