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.

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