According to the textbook, high-income countries are generally those countries that:
A) skipped the feudal stage of development.
B) were colonized by other nations.
C) are largely based on socialist economic policies.
D) were the first to industrialize.

Question

Quizplus · Accepted Answer

High-income countries are generally those that were the first to industrialize, giving them a significant head start in terms of economic development and technological advancement. This includes countries such as the United States, Canada, and most of Western Europe. Skipped feudal stages of development, being colonized by other nations, or being largely based on socialist economic policies are not necessarily defining factors of high-income countries.

According to the Textbook, High-Income Countries Are Generally Those Countries