When some argue there is no "race to the bottom" today but instead a "race to the top," they are referring to
a. states doing whatever it takes to develop their economies and lead the world.
b. people around the world being increasingly motivated by greed and profit.
c. societies competing through technological skills and knowledge rather than low wages.
d. nongovernmental actors overtaking the traditional powers and responsibilities of states.
c. societies competing through technological skills and knowledge rather than low wages.
You might also like to view...
In April, market analysts predict that the price of titanium will fall in May. What happens in the titanium market in April, holding everything else constant?
A) The demand curve shifts to the right. B) The supply curve shifts to the left. C) The quantity demanded and the quantity supplied increase. D) The supply curve shifts to the right.
In response to an increase in total factor productivity
A) both the substitution effect and the income effect suggest that hours worked should increase. B) the substitution effect suggests that hours worked should increase, while the income effect suggests that hours worked should decrease. C) the substitution effect suggests that hours worked should decrease, while the income effect suggests that hours worked should increase. D) both the substitution effect and the income effect suggest that hours worked should decrease.