The Nation of Singapore Has No Natural Resources to Speak

question 59

Multiple Choice

The nation of Singapore has no natural resources to speak of,must import its water,and is very small in landmass.However,it has a very high real per capita gross domestic product (GDP) and a literacy rate of over 95 percent.How can such a small country with no resources be so prosperous?

• A) Singapore has no taxes at all.
• B) Singapore is rich in other resources,like human capital.
• C) All property in Singapore is owned by the government.
• D) Singapore does not trade with any other country.
• E) Singapore has the world's largest military.

---

Definitions:

Small Business Issuers

Refers to companies of a certain size that issue securities and are subject to specific regulatory measures aimed at small entities.

Registration of Securities

The process by which securities are registered with the Securities and Exchange Commission or a state securities agency prior to being offered to the public.

Brokers and Dealers

Individuals or firms in the finance industry that buy and sell securities or commodities on behalf of themselves (dealers) or others (brokers).

Tender Offers

refer to a public proposition by a person or entity to buy shares of a company from its shareholders at a specified price for a certain period, often aiming to gain control of the company.