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What is the race to the bottom

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1. What is the "Race to the bottom" historically and currently? Discuss how the process works, and how it affects various stakeholders in both positive and negative ways. Be specific.

2. What are the advantages and disadvantages of requiring government agencies to do cost-benefit analyses of proposed regulations? Use as an example a state regulation that prohibits the use of cell phones for calls or text messages, while driving. What are the costs, and what are the benefits of such regulation? How might they be compared, with what result?

Reference no: EM133166361

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