Bhagwati and Hudec Argue That Globalization Is Good for the World's

question 160

Multiple Choice

Bhagwati and Hudec argue that globalization is good for the world's environment because:

• A) protectionism leads to a "race to the bottom."
• B) multinational corporations have higher environmental and labor standards than developing countries.
• C) poorer countries have a more natural concern about the health of their environment.
• D) multinational corporations are trying to create a world government that will enforce strict environmental controls.

---

Definitions:

Evaluation

The process of assessing something's value, quality, or performance through careful examination or analysis.

Bid Price

The highest price that a buyer is willing to pay for a security or asset.

NPV

Net Present Value; the difference between the present value of cash inflows and outflows over a period, used in capital budgeting to assess the profitability of an investment.

Project

A coordinated agenda of tasks linked together, intended to be carried out over an established duration and within specified cost and limitations.