All of the Following Were Measures of Singapore's Success as a "Little

question 6

Multiple Choice

All of the following were measures of Singapore's success as a "little tiger" EXCEPT​

• A)​shipbuilding
• B)​oil refineries
• C)​tourism
• D)​electronics
• E)​aerospace

---

Definitions:

Market Price

The existing cost at which a service or asset can be acquired or disposed of in a given market.

Market Fail

A situation where the allocation of goods and services by a market is not efficient, typically due to reasons like externalities, market power, or public goods.

External Benefit

A positive effect of a transaction or activity on a third party who is not involved in the transaction, also known as a positive externality.

Private Decisions

Choices made by individuals or businesses in the private sector, typically regarding consumption, investment, or production.