International specialization and cross-sourcing have made production much more efficient.

Name: International specialization and cross-sourcing have made production much more efficient.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

International specialization allows each country to focus on producing goods that they are more efficient at producing, while cross-sourcing allows them to take advantage of lower production costs in other countries. This leads to increased efficiency in production.

International Specialization and Cross-Sourcing Have Made Production Much More Efficient