The Term "Race to the Bottom" Refers To

question 33

Multiple Choice

The term "race to the bottom" refers to:

• A) Seeking to mine rich 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 is no longer relevant.

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Definitions:

Administrative Agencies

Governmental bodies with the authority to implement and administer particular legislation, often with rule-making and adjudicative functions.

Federal Level

pertains to governmental authority and activities that are conducted at the national level, as opposed to state or local levels.

Interpretive Rules

Regulations issued by administrative agencies to clarify the meaning of existing laws or procedures.

Compliance

The act of adhering to laws, regulations, guidelines, and standards set by governmental bodies or industry organizations.