What type of country would be characterized by high standards of living and high purchasing power?
A) developed
B) first world
C) post-industrial
D) western

Question

Quizplus · Accepted Answer

Developed countries are characterized by high standards of living and high purchasing power, with advanced economies and high levels of industrialization and infrastructure. Examples of developed countries include the United States, Canada, Japan, and nations in Western Europe. The other answer choices (B) first world, (C) post-industrial, and (D) western are less precise and do not necessarily correspond to high levels of development.

What Type of Country Would Be Characterized by High Standards