Our standard of living does not depend on the specialization and scale afforded by global operations.

Name: Our standard of living does not depend on the specialization and scale afforded by global operations.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Our standard of living significantly depends on specialization and scale afforded by global operations, as they allow for more efficient production, access to a wider range of goods and services, and economies of scale that lower costs and prices for consumers.

Our Standard of Living Does Not Depend on the Specialization