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.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Which of the following would be classified
Q55: The text defines "human capital" as<br>A) the
Q56: Give an example of a country that
Q57: What is the relationship of human capital
Q58: Technological advances<br>A) rarely result in an increase
Q60: What is NOT an example of an
Q61: If an economy experiences economic growth,does that
Q62: Consider a country with a nominal gross
Q63: Annual real per capita gross domestic product
Q64: Annual real per capita gross domestic product