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Should The United States Have A High Standard Of Living

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The United States today is known as an industrialized nation. This means that we have a high standard of living. However, there are many countries that do not have a high standard of living and they are called developing nations. Many things could keep them from becoming a developed nation such as no international trade, lack of factories, and a lack of tariffs. High Standard nations have international trade. International trade would be the ones who participate in importing and exporting goods. Without international trade a country may not have as high of a standard of living. Without international trade a country is going to have to produce all of the good and serviced by itself. I would not be able to trade with another country for what

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